Basket Of Hope Inc
Basket Of Hope Inc consistently operates with surpluses and no executive compensation, growing assets to $117,999 in 2023.
EIN: 208287213 · Lincoln, NE · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $132K |
| Program Spending | 90% |
| Net Assets | $118K |
| Transparency Score | 92/100 |
Is Basket Of Hope Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Basket Of Hope Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Basket Of Hope Inc
Basket Of Hope Inc (EIN: 208287213) is a nonprofit organization based in Lincoln, NE, classified under NTEE code Q33. The organization reported total revenue of $83K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Basket Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Basket Of Hope Inc is a micro nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $162K |
| Total Expenses | $132K |
| Surplus / Deficit | +$30K |
| Total Assets | $118K |
| Net Assets | $118K |
| Operating Margin | 18.2% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2023, Basket Of Hope Inc reported a surplus of $30K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Basket Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.1% | +36.8% | +33.4% |
| 2022 | -42.3% | +7.6% | -13.1% |
| 2021 | +113.1% | +32.9% | +115.5% |
| 2020 | -34.7% | -43.7% | -7.5% |
| 2019 | -12.3% | +23.2% | -24.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Basket Of Hope Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Basket Of Hope Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
Executive Compensation Analysis
Basket Of Hope Inc reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly commendable for a nonprofit of its size and suggests a volunteer-driven leadership model.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Basket Of Hope Inc:
- Consistent financial surpluses, such as $29,554 in 2023.
- Zero reported liabilities across all 13 filings, indicating strong financial health.
- No officer compensation reported, maximizing funds for programs.
- Consistent growth in assets, from $28,818 in 2014 to $117,999 in 2023.
- Strong transparency with readily available filing history and clear financial reporting.
Frequently Asked Questions about Basket Of Hope Inc
Is Basket Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Basket Of Hope Inc (EIN: 208287213) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Basket Of Hope Inc spend its money?
Basket Of Hope Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Basket Of Hope Inc tax-deductible?
Basket Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 208287213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Basket Of Hope Inc's spending goes to programs?
Basket Of Hope Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Basket Of Hope Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Basket Of Hope Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Basket Of Hope Inc located?
Basket Of Hope Inc is headquartered in Lincoln, Nebraska and files with the IRS under EIN 208287213. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Basket Of Hope Inc have?
Basket Of Hope Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $83K in total revenue.
Is Basket Of Hope Inc financially stable?
Yes, Basket Of Hope Inc appears financially stable. It consistently reports surpluses, such as $29,554 in 2023 ($162,006 revenue - $132,452 expenses), and has no reported liabilities across all filings, indicating strong solvency and asset growth.
Does Basket Of Hope Inc pay its executives?
No, Basket Of Hope Inc reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its executives.
How has Basket Of Hope Inc's asset base changed over time?
Basket Of Hope Inc has shown consistent asset growth, increasing from $28,818 in 2014 to $117,999 in 2023, demonstrating effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for Basket Of Hope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Basket Of Hope Inc's revenue has grown by 36.3%, moving from $119K to $162K. Total assets increased by 382.3% over the same period, from $24K to $118K. Total functional expenses fell by 2.3%, from $136K to $132K. In its most recent filing year (2023), Basket Of Hope Inc reported a surplus of $30K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $162K | $132K | $118K | $0 | — | View 990 |
| 2022 | $83K | $97K | $88K | $0 | — | View 990 |
| 2021 | $145K | $90K | $102K | $0 | — | — |
| 2020 | $68K | $68K | $47K | $0 | — | — |
| 2019 | $104K | $120K | $51K | $0 | — | View 990 |
| 2018 | $118K | $98K | $67K | $0 | — | View 990 |
| 2017 | $52K | $37K | $47K | $0 | — | View 990 |
| 2016 | $82K | $74K | $32K | $0 | — | View 990 |
| 2015 | $119K | $123K | $25K | $0 | — | View 990 |
| 2014 | $102K | $102K | $29K | $0 | — | View 990 |
| 2013 | $102K | $106K | $28K | $0 | — | View 990 |
| 2012 | $81K | $73K | $33K | $0 | — | View 990 |
| 2011 | $119K | $136K | $24K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $162K, expenses of $132K, and assets of $118K (revenue +94.1% year-over-year).
- 2022: Revenue of $83K, expenses of $97K, and assets of $88K (revenue -42.3% year-over-year).
- 2021: Revenue of $145K, expenses of $90K, and assets of $102K (revenue +113.1% year-over-year).
- 2020: Revenue of $68K, expenses of $68K, and assets of $47K (revenue -34.7% year-over-year).
- 2019: Revenue of $104K, expenses of $120K, and assets of $51K (revenue -12.3% year-over-year).
- 2018: Revenue of $118K, expenses of $98K, and assets of $67K (revenue +129.1% year-over-year).
- 2017: Revenue of $52K, expenses of $37K, and assets of $47K (revenue -36.9% year-over-year).
- 2016: Revenue of $82K, expenses of $74K, and assets of $32K (revenue -31.3% year-over-year).
- 2015: Revenue of $119K, expenses of $123K, and assets of $25K (revenue +16.3% year-over-year).
- 2014: Revenue of $102K, expenses of $102K, and assets of $29K (revenue +0.4% year-over-year).
- 2013: Revenue of $102K, expenses of $106K, and assets of $28K (revenue +25.6% year-over-year).
- 2012: Revenue of $81K, expenses of $73K, and assets of $33K (revenue -31.6% year-over-year).
- 2011: Revenue of $119K, expenses of $136K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Basket Of Hope Inc:
Data Sources and Methodology
This transparency report for Basket Of Hope Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.