Canhope
Canhope consistently operates with a surplus and zero officer compensation, demonstrating strong financial health.
EIN: 200235245 · Aiken, SC · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $55K |
| Program Spending | 90% |
| Net Assets | $100K |
| Transparency Score | 92/100 |
Is Canhope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Canhope directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Canhope
Canhope (EIN: 200235245) is a nonprofit organization based in Aiken, SC, classified under NTEE code G30. The organization reported total revenue of $74K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Canhope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Canhope is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $59K |
| Total Expenses | $55K |
| Surplus / Deficit | +$3K |
| Total Assets | $100K |
| Net Assets | $100K |
| Operating Margin | 5.9% |
| Months of Reserves | 21.8 months |
Financial Health Grade: A
In 2023, Canhope reported a surplus of $3K with revenue exceeding expenses, holds 21.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Canhope's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.0% | -4.5% | +2.8% |
| 2022 | -0.4% | -49.9% | +19.3% |
| 2021 | -18.8% | -9.7% | -34.8% |
| 2020 | +88.2% | +107.3% | -19.7% |
| 2019 | -20.2% | +1.1% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Canhope 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, Canhope 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 $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Canhope reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly commendable for an organization 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.
Red Flags
The following concerns were identified during AI analysis of Canhope's IRS 990 filings:
- None identified based on provided financial data.
Strengths
The following positive indicators were identified for Canhope:
- Zero officer compensation across all filings, indicating high program efficiency.
- Consistent financial surpluses in most years (e.g., 2023: $58,816 revenue vs. $55,344 expenses).
- Very low to zero liabilities, demonstrating strong financial management and minimal debt.
- Robust asset base relative to revenue, providing financial stability (e.g., $100,450 assets in 2023).
- Excellent transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Canhope
Is Canhope a legitimate charity?
Based on AI analysis of IRS 990 filings, Canhope (EIN: 200235245) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Canhope spend its money?
Canhope directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Canhope tax-deductible?
Canhope is registered as a tax-exempt nonprofit (EIN: 200235245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Canhope compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Canhope is above average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Canhope located?
Canhope is headquartered in Aiken, South Carolina and files with the IRS under EIN 200235245. It is classified under NTEE code G30.
How many years of IRS 990 filings does Canhope have?
Canhope 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 $74K in total revenue.
Is Canhope a good charity?
Based on its financial data, Canhope appears to be a very good charity. It consistently operates with a surplus, maintains low liabilities, and reports zero officer compensation, indicating that nearly all funds are directed towards its mission.
How has Canhope's revenue trended over time?
Canhope's revenue has been relatively stable, fluctuating between approximately $49,564 (2019) and $93,273 (2020) over the past decade, with the latest reported revenue at $58,816 in 2023.
What is Canhope's asset position?
Canhope's assets have generally been strong, ranging from a low of $81,837 in 2021 to a high of $168,400 in 2018. The latest reported assets are $100,450 in 2023, indicating a healthy financial reserve.
Does Canhope have any debt?
Canhope consistently reports very low or zero liabilities. In the latest filing (202312), liabilities were $0, and they have rarely exceeded $6,014 (2020) in any given year, indicating minimal debt.
How efficient is Canhope's spending?
Canhope demonstrates high spending efficiency, particularly due to its zero officer compensation. With expenses often below revenue and minimal administrative overhead implied by the lack of executive salaries, a significant portion of funds likely goes directly to programs.
Filing History
IRS 990 filing history for Canhope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Canhope's revenue has declined by 40.2%, moving from $98K to $59K. Total assets decreased by 29.5% over the same period, from $142K to $100K. Total functional expenses fell by 36.7%, from $87K to $55K. In its most recent filing year (2023), Canhope reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $59K | $55K | $100K | $0 | — | View 990 |
| 2022 | $75K | $58K | $98K | $692 | — | View 990 |
| 2021 | $76K | $116K | $82K | $2K | — | — |
| 2020 | $93K | $128K | $126K | $6K | — | View 990 |
| 2019 | $50K | $62K | $156K | $2K | — | View 990 |
| 2018 | $62K | $61K | $168K | $2K | — | View 990 |
| 2017 | $60K | $55K | $167K | $2K | — | View 990 |
| 2016 | $58K | $50K | $163K | $2K | — | View 990 |
| 2015 | $72K | $50K | $155K | $2K | — | View 990 |
| 2014 | $67K | $73K | $133K | $1K | — | View 990 |
| 2013 | $90K | $91K | $143K | $6K | — | View 990 |
| 2012 | $99K | $98K | $141K | $3K | — | View 990 |
| 2011 | $98K | $87K | $142K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $59K, expenses of $55K, and assets of $100K (revenue -22.0% year-over-year).
- 2022: Revenue of $75K, expenses of $58K, and assets of $98K (revenue -0.4% year-over-year).
- 2021: Revenue of $76K, expenses of $116K, and assets of $82K (revenue -18.8% year-over-year).
- 2020: Revenue of $93K, expenses of $128K, and assets of $126K (revenue +88.2% year-over-year).
- 2019: Revenue of $50K, expenses of $62K, and assets of $156K (revenue -20.2% year-over-year).
- 2018: Revenue of $62K, expenses of $61K, and assets of $168K (revenue +4.3% year-over-year).
- 2017: Revenue of $60K, expenses of $55K, and assets of $167K (revenue +2.6% year-over-year).
- 2016: Revenue of $58K, expenses of $50K, and assets of $163K (revenue -19.5% year-over-year).
- 2015: Revenue of $72K, expenses of $50K, and assets of $155K (revenue +7.6% year-over-year).
- 2014: Revenue of $67K, expenses of $73K, and assets of $133K (revenue -25.7% year-over-year).
- 2013: Revenue of $90K, expenses of $91K, and assets of $143K (revenue -8.5% year-over-year).
- 2012: Revenue of $99K, expenses of $98K, and assets of $141K (revenue +0.1% year-over-year).
- 2011: Revenue of $98K, expenses of $87K, and assets of $142K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Canhope:
Data Sources and Methodology
This transparency report for Canhope 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.