Building Hope Foundation Inc
Building Hope Foundation Inc. operates with no reported executive compensation and maintains a healthy asset base despite fluctuating revenues.
EIN: 201819560 · Norwalk, CT · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $78K |
| Program Spending | 90% |
| Net Assets | $89K |
| Transparency Score | 85/100 |
Is Building Hope Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Hope Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building Hope Foundation Inc
Building Hope Foundation Inc (EIN: 201819560) is a nonprofit organization based in Norwalk, CT, classified under NTEE code B82. The organization reported total revenue of $77K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Hope Foundation Inc is a micro nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 27.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $78K |
| Surplus / Deficit | +$4K |
| Total Assets | $90K |
| Total Liabilities | $1K |
| Net Assets | $89K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 1.1% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2022, Building Hope Foundation Inc reported a surplus of $4K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2022), Building Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +637.3% | +226.9% | +4.1% |
| 2021 | -53.7% | +53.4% | -12.8% |
| 2020 | -67.2% | -77.3% | +6.1% |
| 2019 | +14.8% | +86.0% | +7.2% |
| 2018 | -19.4% | -35.4% | +24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Building Hope Foundation Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Building Hope Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly commendable 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.
Red Flags
The following concerns were identified during AI analysis of Building Hope Foundation Inc's IRS 990 filings:
- Highly fluctuating revenue, potentially indicating reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Building Hope Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency (e.g., $90,362 assets vs. $1,000 liabilities in 202212).
- Consistent filing of IRS Form 990s over a decade, showing commitment to transparency.
- Generally operates with a surplus or small deficit, indicating prudent financial management.
Frequently Asked Questions about Building Hope Foundation Inc
Is Building Hope Foundation Inc a legitimate charity?
Building Hope Foundation Inc (EIN: 201819560) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $77K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Building Hope Foundation Inc spend its money?
Building Hope Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Building Hope Foundation Inc tax-deductible?
Building Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201819560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Building Hope Foundation Inc's spending goes to programs?
Building Hope Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Building Hope Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Building Hope Foundation Inc is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Building Hope Foundation Inc located?
Building Hope Foundation Inc is headquartered in Norwalk, Connecticut and files with the IRS under EIN 201819560. It is classified under NTEE code B82.
How many years of IRS 990 filings does Building Hope Foundation Inc have?
Building Hope Foundation Inc has 10 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 $77K in total revenue.
Is Building Hope Foundation Inc. a good charity?
Based on the available data, Building Hope Foundation Inc. appears to be a good charity, particularly due to its 0% officer compensation and consistent financial reporting, suggesting a strong commitment to its mission and efficient use of funds.
How has Building Hope Foundation Inc.'s revenue changed over time?
Building Hope Foundation Inc.'s revenue has fluctuated significantly, from $5,441 in 201112 to $81,483 in 202212, indicating variability in its funding sources.
What is the organization's financial stability?
The organization demonstrates good financial stability, consistently maintaining a positive asset balance (e.g., $90,362 in 202212) with minimal liabilities (e.g., $1,000 in 202212), and generally operating with a surplus or manageable deficits.
Filing History
IRS 990 filing history for Building Hope Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2022), Building Hope Foundation Inc's revenue has grown by 1397.6%, moving from $5K to $81K. Total assets increased by 132% over the same period, from $39K to $90K. Total functional expenses rose by 631.6%, from $11K to $78K. In its most recent filing year (2022), Building Hope Foundation Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $1K in liabilities against $90K in assets (debt-to-asset ratio: 1.1%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $81K | $78K | $90K | $1K | — | View 990 |
| 2021 | $11K | $24K | $87K | $1K | — | — |
| 2020 | $24K | $16K | $100K | $1K | — | View 990 |
| 2019 | $73K | $68K | $94K | $4K | — | View 990 |
| 2018 | $63K | $37K | $88K | $2K | — | View 990 |
| 2015 | $79K | $57K | $70K | $3K | — | View 990 |
| 2014 | $25K | $15K | $46K | $1K | — | View 990 |
| 2013 | $19K | $16K | $37K | $1K | — | View 990 |
| 2012 | $23K | $27K | $34K | $676 | — | View 990 |
| 2011 | $5K | $11K | $39K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $81K, expenses of $78K, and assets of $90K (revenue +637.3% year-over-year).
- 2021: Revenue of $11K, expenses of $24K, and assets of $87K (revenue -53.7% year-over-year).
- 2020: Revenue of $24K, expenses of $16K, and assets of $100K (revenue -67.2% year-over-year).
- 2019: Revenue of $73K, expenses of $68K, and assets of $94K (revenue +14.8% year-over-year).
- 2018: Revenue of $63K, expenses of $37K, and assets of $88K (revenue -19.4% year-over-year).
- 2015: Revenue of $79K, expenses of $57K, and assets of $70K (revenue +213.9% year-over-year).
- 2014: Revenue of $25K, expenses of $15K, and assets of $46K (revenue +35.1% year-over-year).
- 2013: Revenue of $19K, expenses of $16K, and assets of $37K (revenue -18.9% year-over-year).
- 2012: Revenue of $23K, expenses of $27K, and assets of $34K (revenue +319.7% year-over-year).
- 2011: Revenue of $5K, expenses of $11K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Building Hope Foundation 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.