Center For Healing And Hope
Center For Healing And Hope shows strong asset growth and no reported officer compensation over the past decade.
EIN: 20560511 · Goshen, IN · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $1.6M |
| Transparency Score | 92/100 |
Is Center For Healing And Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Center For Healing And Hope directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Center For Healing And Hope
Center For Healing And Hope (EIN: 20560511) is a nonprofit organization based in Goshen, IN. The organization reported total revenue of $3.0M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Center For Healing And Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Center For Healing And Hope is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$292K |
| Total Assets | $1.9M |
| Total Liabilities | $298K |
| Net Assets | $1.6M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 15.6% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Center For Healing And Hope reported a surplus of $292K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 15.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Center For Healing And Hope's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.1% | -40.6% | +47.8% |
| 2022 | +17.2% | +42.5% | +1.3% |
| 2021 | +27.9% | +19.3% | +97.3% |
| 2020 | -22.4% | -31.2% | +147.6% |
| 2019 | +246.9% | +246.4% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
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 Center For Healing And Hope 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Center For Healing And Hope 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $292K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues consistently in the millions and suggests a volunteer-led or externally funded leadership structure.
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 Center For Healing And Hope's IRS 990 filings:
- Unusually low liabilities relative to assets, especially in earlier years, which could indicate minimal debt or significant reliance on grants/donations that don't incur debt.
- Lack of detailed functional expense breakdown in summary data makes it difficult to fully assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Center For Healing And Hope:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds away from executive salaries.
- Significant and consistent asset growth from $154,370 in 2014 to $1,911,877 in 2023, demonstrating strong financial management.
- Positive net income in most recent years (e.g., 2023 revenue of $2,741,999 vs. expenses of $2,449,664), indicating financial sustainability.
- Long history of IRS 990 filings (13 periods), showing commitment to transparency and regulatory compliance.
- Low liabilities relative to assets, suggesting a strong balance sheet and financial stability.
Frequently Asked Questions about Center For Healing And Hope
Is Center For Healing And Hope a legitimate charity?
Center For Healing And Hope (EIN: 20560511) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Center For Healing And Hope spend its money?
Center For Healing And Hope directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Center For Healing And Hope tax-deductible?
Center For Healing And Hope is registered as a tax-exempt nonprofit (EIN: 20560511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Center For Healing And Hope's spending goes to programs?
Center For Healing And Hope directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Center For Healing And Hope located?
Center For Healing And Hope is headquartered in Goshen, Indiana and files with the IRS under EIN 20560511.
How many years of IRS 990 filings does Center For Healing And Hope have?
Center For Healing And Hope 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 $3.0M in total revenue.
How does Center For Healing And Hope manage to operate with 0% officer compensation?
The filings consistently report 0% officer compensation, which could mean that leadership roles are filled by volunteers, compensated by a related entity, or that compensation falls below the reporting threshold for officers, directors, trustees, and key employees.
What is the primary source of the organization's significant revenue growth?
While specific sources are not detailed in the provided data, the substantial increase in revenue from $309,518 in 2017 to $2,741,999 in 2023 suggests successful fundraising efforts, grants, or expansion of services leading to increased program fees or contributions.
What are the main programs or services offered by Center For Healing And Hope?
The provided data does not specify the programs or services. To understand this, one would need to review the organization's mission statement and program service accomplishments detailed in their full IRS Form 990 filings.
Filing History
IRS 990 filing history for Center For Healing And Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Center For Healing And Hope's revenue has grown by 709.2%, moving from $339K to $2.7M. Total assets increased by 1316.9% over the same period, from $135K to $1.9M. Total functional expenses rose by 711.1%, from $302K to $2.4M. In its most recent filing year (2023), Center For Healing And Hope reported a surplus of $292K, with revenue exceeding expenses. The organization holds $298K in liabilities against $1.9M in assets (debt-to-asset ratio: 15.6%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.4M | $1.9M | $298K | — | View 990 |
| 2022 | $4.2M | $4.1M | $1.3M | $12K | — | View 990 |
| 2021 | $3.6M | $2.9M | $1.3M | $8K | — | View 990 |
| 2020 | $2.8M | $2.4M | $647K | $35K | — | — |
| 2019 | $3.6M | $3.5M | $261K | $0 | — | View 990 |
| 2018 | $1.0M | $1.0M | $211K | $0 | — | View 990 |
| 2017 | $310K | $326K | $198K | $0 | — | View 990 |
| 2016 | $296K | $285K | $234K | $533 | — | View 990 |
| 2015 | $370K | $303K | $221K | $0 | — | View 990 |
| 2014 | $346K | $339K | $154K | $0 | — | View 990 |
| 2013 | $335K | $328K | $147K | $0 | — | View 990 |
| 2012 | $324K | $321K | $139K | $80 | — | View 990 |
| 2011 | $339K | $302K | $135K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.4M, and assets of $1.9M (revenue -34.1% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.1M, and assets of $1.3M (revenue +17.2% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.9M, and assets of $1.3M (revenue +27.9% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.4M, and assets of $647K (revenue -22.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.5M, and assets of $261K (revenue +246.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $211K (revenue +233.4% year-over-year).
- 2017: Revenue of $310K, expenses of $326K, and assets of $198K (revenue +4.5% year-over-year).
- 2016: Revenue of $296K, expenses of $285K, and assets of $234K (revenue -20.0% year-over-year).
- 2015: Revenue of $370K, expenses of $303K, and assets of $221K (revenue +7.1% year-over-year).
- 2014: Revenue of $346K, expenses of $339K, and assets of $154K (revenue +3.1% year-over-year).
- 2013: Revenue of $335K, expenses of $328K, and assets of $147K (revenue +3.4% year-over-year).
- 2012: Revenue of $324K, expenses of $321K, and assets of $139K (revenue -4.2% year-over-year).
- 2011: Revenue of $339K, expenses of $302K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Center For Healing And Hope:
Data Sources and Methodology
This transparency report for Center For Healing And Hope 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.