Building Hope Inc
EIN: 812921046 · Litchfield, MN · NTEE: P46
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $660K |
| Net Assets | $233K |
Is Building Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Building Hope Inc
Building Hope Inc (EIN: 812921046) is a nonprofit organization based in Litchfield, MN, classified under NTEE code P46. The organization reported total revenue of $1.4M and total assets of $605K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Hope Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 48.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $715K |
| Total Expenses | $660K |
| Surplus / Deficit | +$55K |
| Total Assets | $393K |
| Total Liabilities | $160K |
| Net Assets | $233K |
| Operating Margin | 7.6% |
| Debt-to-Asset Ratio | 40.6% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2023, Building Hope Inc reported a surplus of $55K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 40.6% (moderate leverage).
Financial Trends
Over 8 years of filings (2016–2023), Building Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 48.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.8% | +51.3% | +17.6% |
| 2022 | -5.3% | -3.7% | -3.3% |
| 2021 | +1.1% | +12.2% | -2.1% |
| 2020 | +18.8% | +15.1% | +12.8% |
| 2019 | -7.9% | +10.0% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Building Hope Inc 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 Building Hope Inc 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 $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.6%.
Frequently Asked Questions about Building Hope Inc
Is Building Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Hope Inc (EIN: 812921046) insufficient data. 0 red flags identified, 0 strengths noted.
How does Building Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Building Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Building Hope Inc tax-deductible?
Building Hope Inc is registered as a tax-exempt nonprofit (EIN: 812921046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Building Hope Inc located?
Building Hope Inc is headquartered in Litchfield, Minnesota and files with the IRS under EIN 812921046. It is classified under NTEE code P46.
How many years of IRS 990 filings does Building Hope Inc have?
Building Hope Inc has 8 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 $1.4M in total revenue.
Filing History
IRS 990 filing history for Building Hope Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Building Hope Inc's revenue has grown by 1515.7%, moving from $44K to $715K. Total assets increased by 813.9% over the same period, from $43K to $393K. Total functional expenses rose by 1138.7%, from $53K to $660K. In its most recent filing year (2023), Building Hope Inc reported a surplus of $55K, with revenue exceeding expenses. The organization holds $160K in liabilities against $393K in assets (debt-to-asset ratio: 40.6%), resulting in net assets of $233K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $715K | $660K | $393K | $160K | — | — |
| 2022 | $436K | $436K | $334K | $155K | — | — |
| 2021 | $461K | $453K | $346K | $167K | — | View 990 |
| 2020 | $456K | $404K | $353K | $182K | — | — |
| 2019 | $384K | $351K | $313K | $194K | — | View 990 |
| 2018 | $416K | $319K | $295K | $209K | — | View 990 |
| 2017 | $300K | $302K | $20K | $31K | — | View 990 |
| 2016 | $44K | $53K | $43K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $715K, expenses of $660K, and assets of $393K (revenue +63.8% year-over-year).
- 2022: Revenue of $436K, expenses of $436K, and assets of $334K (revenue -5.3% year-over-year).
- 2021: Revenue of $461K, expenses of $453K, and assets of $346K (revenue +1.1% year-over-year).
- 2020: Revenue of $456K, expenses of $404K, and assets of $353K (revenue +18.8% year-over-year).
- 2019: Revenue of $384K, expenses of $351K, and assets of $313K (revenue -7.9% year-over-year).
- 2018: Revenue of $416K, expenses of $319K, and assets of $295K (revenue +38.8% year-over-year).
- 2017: Revenue of $300K, expenses of $302K, and assets of $20K (revenue +578.0% year-over-year).
- 2016: Revenue of $44K, expenses of $53K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Hope Inc:
Data Sources and Methodology
This transparency report for Building 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.