Chariots For Hope Inc
EIN: 270408312 · Dresher, PA · NTEE: Q30
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Net Assets | $559K |
Is Chariots For 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 Chariots For Hope Inc
Chariots For Hope Inc (EIN: 270408312) is a nonprofit organization based in Dresher, PA, classified under NTEE code Q30. The organization reported total revenue of $2.2M and total assets of $531K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chariots For Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chariots For Hope Inc is a mid-size nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$104K |
| Total Assets | $559K |
| Net Assets | $559K |
| Operating Margin | 5.4% |
| Months of Reserves | 3.7 months |
Financial Health Grade: A
In 2023, Chariots For Hope Inc reported a surplus of $104K with revenue exceeding expenses, holds 3.7 months of operating reserves (adequate).
Financial Trends
Over 14 years of filings (2012–2023), Chariots For Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -4.3% | +34.7% |
| 2022 | +10.2% | +0.7% | -21.6% |
| 2021 | +39.1% | +55.7% | -28.7% |
| 2020 | -29.3% | -15.9% | +9.5% |
| 2019 | +12.9% | +10.6% | +64.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chariots For 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 Chariots For 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 $104K, with revenue exceeding expenses.
Frequently Asked Questions about Chariots For Hope Inc
Is Chariots For Hope Inc a legitimate charity?
Chariots For Hope Inc (EIN: 270408312) is a registered tax-exempt nonprofit based in Pennsylvania. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. Financial health grade: A.
How does Chariots For Hope Inc spend its money?
Chariots For Hope Inc reported $2.2M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Chariots For Hope Inc tax-deductible?
Chariots For Hope Inc is registered as a tax-exempt nonprofit (EIN: 270408312). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chariots For Hope Inc located?
Chariots For Hope Inc is headquartered in Dresher, Pennsylvania and files with the IRS under EIN 270408312. It is classified under NTEE code Q30.
How many years of IRS 990 filings does Chariots For Hope Inc have?
Chariots For Hope Inc has 14 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 $2.2M in total revenue.
Filing History
IRS 990 filing history for Chariots For Hope Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2012–2023), Chariots For Hope Inc's revenue has grown by 209.8%, moving from $620K to $1.9M. Total assets increased by 157% over the same period, from $218K to $559K. Total functional expenses rose by 216.2%, from $574K to $1.8M. In its most recent filing year (2023), Chariots For Hope Inc reported a surplus of $104K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $559K | $0 | — | — |
| 2022 | $1.9M | $1.9M | $415K | $0 | — | View 990 |
| 2021 | $1.7M | $1.9M | $530K | $0 | — | View 990 |
| 2020 | $1.2M | $1.2M | $743K | $0 | — | — |
| 2019 | $1.7M | $1.4M | $678K | $0 | — | View 990 |
| 2018 | $1.5M | $1.3M | $412K | $0 | — | View 990 |
| 2017 | $1.2M | $1.1M | $204K | $0 | — | — |
| 2016 | $1.2M | $1.1M | $190K | $0 | — | View 990 |
| 2016 | $1.0M | $1.1M | $121K | $0 | — | — |
| 2015 | $1.0M | $1.1M | $121K | $0 | — | — |
| 2014 | $524K | $481K | $170K | $0 | — | View 990 |
| 2014 | $735K | $799K | $126K | $0 | — | View 990 |
| 2013 | $790K | $817K | $191K | $0 | — | View 990 |
| 2012 | $620K | $574K | $218K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $559K (revenue +3.7% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $415K (revenue +10.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $530K (revenue +39.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $743K (revenue -29.3% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $678K (revenue +12.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $412K (revenue +30.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $204K (revenue -1.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $190K (revenue +14.0% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $121K (revenue +0.0% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $121K (revenue +96.7% year-over-year).
- 2014: Revenue of $524K, expenses of $481K, and assets of $170K (revenue -28.6% year-over-year).
- 2014: Revenue of $735K, expenses of $799K, and assets of $126K (revenue -7.0% year-over-year).
- 2013: Revenue of $790K, expenses of $817K, and assets of $191K (revenue +27.5% year-over-year).
- 2012: Revenue of $620K, expenses of $574K, and assets of $218K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chariots For Hope Inc:
Data Sources and Methodology
This transparency report for Chariots For 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.