Boone Hope Foundation
Boone Hope Foundation consistently grows assets with zero executive compensation.
EIN: 204205163 · Boone, IA · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $34K |
| Program Spending | 90% |
| Net Assets | $218K |
| Transparency Score | 92/100 |
Is Boone Hope Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Boone Hope Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Boone Hope Foundation
Boone Hope Foundation (EIN: 204205163) is a nonprofit organization based in Boone, IA, classified under NTEE code P60. The organization reported total revenue of $52K and total assets of $215K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boone Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boone Hope Foundation is a micro nonprofit that has been operating for 20 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 | $53K |
| Total Expenses | $34K |
| Surplus / Deficit | +$20K |
| Total Assets | $218K |
| Net Assets | $218K |
| Operating Margin | 36.8% |
| Months of Reserves | 77.3 months |
Financial Health Grade: A
In 2023, Boone Hope Foundation reported a surplus of $20K with revenue exceeding expenses, holds 77.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Boone Hope Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -12.8% | +9.9% |
| 2022 | -26.6% | +97.3% | +9.3% |
| 2021 | +24.4% | -21.8% | +47.5% |
| 2020 | +6.3% | -69.9% | +44.0% |
| 2019 | -38.2% | +16.8% | -22.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Boone Hope Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Boone Hope Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $20K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size.
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 Boone Hope Foundation:
- Consistent asset growth, from $49,110 in 2014 to $218,066 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Consistently positive net income in most years, with revenue exceeding expenses (e.g., 2023 revenue $53,496 vs. expenses $33,836).
- No reported liabilities, demonstrating strong financial management and a debt-free status.
- Strong financial reserves, with assets significantly exceeding annual revenue.
Frequently Asked Questions about Boone Hope Foundation
Is Boone Hope Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Boone Hope Foundation (EIN: 204205163) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Boone Hope Foundation spend its money?
Boone Hope Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Boone Hope Foundation tax-deductible?
Boone Hope Foundation is registered as a tax-exempt nonprofit (EIN: 204205163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Boone Hope Foundation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Boone Hope Foundation is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Boone Hope Foundation located?
Boone Hope Foundation is headquartered in Boone, Iowa and files with the IRS under EIN 204205163. It is classified under NTEE code P60.
How many years of IRS 990 filings does Boone Hope Foundation have?
Boone Hope Foundation 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 $52K in total revenue.
Is Boone Hope Foundation a good charity?
Based on the provided financial data, Boone Hope Foundation appears to be a very good charity. It consistently maintains a healthy financial position, grows its assets, and reports zero officer compensation, suggesting high efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $49,110 in 2014 to $218,066 in 2023. This growth is supported by generally positive net income years, where revenue consistently exceeds expenses.
What is the organization's approach to executive compensation?
The Boone Hope Foundation reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds towards its programs rather than executive salaries.
Does the organization have any debt?
No, the organization consistently reports $0 in liabilities across all available filings, indicating a debt-free financial status.
Filing History
IRS 990 filing history for Boone Hope Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Boone Hope Foundation's revenue has grown by 36.4%, moving from $39K to $53K. Total assets increased by 588.9% over the same period, from $32K to $218K. Total functional expenses rose by 1.7%, from $33K to $34K. In its most recent filing year (2023), Boone Hope Foundation reported a surplus of $20K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $34K | $218K | $0 | — | — |
| 2022 | $57K | $39K | $198K | $0 | — | View 990 |
| 2021 | $78K | $20K | $182K | $0 | — | View 990 |
| 2020 | $63K | $25K | $123K | $0 | — | — |
| 2019 | $59K | $84K | $85K | $0 | — | View 990 |
| 2018 | $96K | $72K | $110K | $0 | — | View 990 |
| 2017 | $57K | $64K | $86K | $0 | — | View 990 |
| 2016 | $56K | $67K | $92K | $0 | — | View 990 |
| 2015 | $106K | $52K | $103K | $0 | — | View 990 |
| 2014 | $57K | $55K | $49K | $0 | — | View 990 |
| 2013 | $42K | $48K | $46K | $0 | — | View 990 |
| 2012 | $51K | $31K | $52K | $0 | — | View 990 |
| 2011 | $39K | $33K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $34K, and assets of $218K (revenue -6.6% year-over-year).
- 2022: Revenue of $57K, expenses of $39K, and assets of $198K (revenue -26.6% year-over-year).
- 2021: Revenue of $78K, expenses of $20K, and assets of $182K (revenue +24.4% year-over-year).
- 2020: Revenue of $63K, expenses of $25K, and assets of $123K (revenue +6.3% year-over-year).
- 2019: Revenue of $59K, expenses of $84K, and assets of $85K (revenue -38.2% year-over-year).
- 2018: Revenue of $96K, expenses of $72K, and assets of $110K (revenue +67.2% year-over-year).
- 2017: Revenue of $57K, expenses of $64K, and assets of $86K (revenue +1.6% year-over-year).
- 2016: Revenue of $56K, expenses of $67K, and assets of $92K (revenue -46.8% year-over-year).
- 2015: Revenue of $106K, expenses of $52K, and assets of $103K (revenue +84.0% year-over-year).
- 2014: Revenue of $57K, expenses of $55K, and assets of $49K (revenue +36.0% year-over-year).
- 2013: Revenue of $42K, expenses of $48K, and assets of $46K (revenue -17.1% year-over-year).
- 2012: Revenue of $51K, expenses of $31K, and assets of $52K (revenue +29.9% year-over-year).
- 2011: Revenue of $39K, expenses of $33K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boone Hope Foundation:
Data Sources and Methodology
This transparency report for Boone Hope Foundation 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.