Beacon Of Hope Ministry
EIN: 861767123 · Montevallo, AL · NTEE: X21
Is Beacon Of Hope Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Beacon Of Hope Ministry
Beacon Of Hope Ministry (EIN: 861767123) is a nonprofit organization based in Montevallo, AL, classified under NTEE code X21. The organization reported total revenue of $53K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Beacon Of Hope Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Beacon Of Hope Ministry is a micro nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 36.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $91K |
| Total Expenses | $80K |
| Surplus / Deficit | +$11K |
| Total Assets | $37K |
| Net Assets | $37K |
| Operating Margin | 11.8% |
| Months of Reserves | 5.5 months |
Financial Health Grade: A
In 2023, Beacon Of Hope Ministry reported a surplus of $11K with revenue exceeding expenses, holds 5.5 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2021–2023), Beacon Of Hope Ministry's revenue has grown at a compound annual growth rate (CAGR) of 36.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.4% | -13.0% | +40.9% |
| 2022 | +133.0% | +106.2% | +514.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Beacon Of Hope Ministry has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Beacon Of Hope Ministry with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Frequently Asked Questions about Beacon Of Hope Ministry
Is Beacon Of Hope Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Beacon Of Hope Ministry (EIN: 861767123) insufficient data. 0 red flags identified, 0 strengths noted.
How does Beacon Of Hope Ministry spend its money?
Detailed spending breakdown data is not yet available for Beacon Of Hope Ministry. Check back for updated IRS 990 analysis.
Are donations to Beacon Of Hope Ministry tax-deductible?
Beacon Of Hope Ministry is registered as a tax-exempt nonprofit (EIN: 861767123). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Beacon Of Hope Ministry showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Beacon Of Hope Ministry's revenue has grown by 85.5%, moving from $49K to $91K. Total assets increased by 765.7% over the same period, from $4K to $37K. Total functional expenses rose by 79.3%, from $45K to $80K. In its most recent filing year (2023), Beacon Of Hope Ministry reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $91K | $80K | $37K | $0 | — | View 990 |
| 2022 | $114K | $92K | $26K | $0 | — | — |
| 2021 | $49K | $45K | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $91K, expenses of $80K, and assets of $37K (revenue -20.4% year-over-year).
- 2022: Revenue of $114K, expenses of $92K, and assets of $26K (revenue +133.0% year-over-year).
- 2021: Revenue of $49K, expenses of $45K, and assets of $4K.
Data Sources and Methodology
This transparency report for Beacon Of Hope Ministry 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.