Char Hope Foundation Inc
EIN: 475484763 · Street, MD · NTEE: F22
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $434K |
| Net Assets | $160K |
Is Char Hope Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Char Hope Foundation Inc
Char Hope Foundation Inc (EIN: 475484763) is a nonprofit organization based in Street, MD, classified under NTEE code F22. The organization reported total revenue of $1.2M and total assets of $501K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Char Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Char Hope Foundation Inc is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2017–2024). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $532K |
| Total Expenses | $434K |
| Surplus / Deficit | +$99K |
| Total Assets | $240K |
| Total Liabilities | $80K |
| Net Assets | $160K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 33.4% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2024, Char Hope Foundation Inc reported a surplus of $99K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 33.4% (moderate leverage).
Financial Trends
Over 8 years of filings (2017–2024), Char Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +72.8% | +39.4% | +100.2% |
| 2023 | -4.1% | -2.8% | +11.0% |
| 2022 | -14.4% | +7.8% | -32.2% |
| 2021 | +372.5% | +209.5% | +199.2% |
| 2020 | -57.0% | -49.7% | +296.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Char Hope Foundation 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 Char Hope Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.4%.
Frequently Asked Questions about Char Hope Foundation Inc
Is Char Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Char Hope Foundation Inc (EIN: 475484763) insufficient data. 0 red flags identified, 0 strengths noted.
How does Char Hope Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Char Hope Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Char Hope Foundation Inc tax-deductible?
Char Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 475484763). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Char Hope Foundation Inc located?
Char Hope Foundation Inc is headquartered in Street, Maryland and files with the IRS under EIN 475484763. It is classified under NTEE code F22.
How many years of IRS 990 filings does Char Hope Foundation Inc have?
Char Hope Foundation 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Char Hope Foundation Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2017–2024), Char Hope Foundation Inc's revenue has grown by 277.7%, moving from $141K to $532K. Total assets increased by 750.8% over the same period, from $28K to $240K. Total functional expenses rose by 254.4%, from $122K to $434K. In its most recent filing year (2024), Char Hope Foundation Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $80K in liabilities against $240K in assets (debt-to-asset ratio: 33.4%), resulting in net assets of $160K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $532K | $434K | $240K | $80K | — | — |
| 2023 | $308K | $311K | $120K | $59K | — | View 990 |
| 2022 | $321K | $320K | $108K | $44K | — | View 990 |
| 2021 | $376K | $297K | $159K | $97K | — | — |
| 2020 | $80K | $96K | $53K | $56K | — | View 990 |
| 2019 | $185K | $190K | $13K | $0 | — | View 990 |
| 2018 | $188K | $197K | $19K | $0 | — | View 990 |
| 2017 | $141K | $122K | $28K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $532K, expenses of $434K, and assets of $240K (revenue +72.8% year-over-year).
- 2023: Revenue of $308K, expenses of $311K, and assets of $120K (revenue -4.1% year-over-year).
- 2022: Revenue of $321K, expenses of $320K, and assets of $108K (revenue -14.4% year-over-year).
- 2021: Revenue of $376K, expenses of $297K, and assets of $159K (revenue +372.5% year-over-year).
- 2020: Revenue of $80K, expenses of $96K, and assets of $53K (revenue -57.0% year-over-year).
- 2019: Revenue of $185K, expenses of $190K, and assets of $13K (revenue -1.7% year-over-year).
- 2018: Revenue of $188K, expenses of $197K, and assets of $19K (revenue +33.3% year-over-year).
- 2017: Revenue of $141K, expenses of $122K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Char Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Char 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.