Childrens Hope Residential Services Inc
Childrens Hope Residential Services Inc faces significant financial challenges with declining revenue and assets, and liabilities exceeding assets in recent years.
EIN: 141841206 · Lubbock, TX · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $4.3M |
| Program Spending | 80% |
| Net Assets | $-229,967 |
| Transparency Score | 55/100 |
Is Childrens Hope Residential Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Childrens Hope Residential Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Childrens Hope Residential Services Inc
Childrens Hope Residential Services Inc (EIN: 141841206) is a nonprofit organization based in Lubbock, TX, classified under NTEE code P70. The organization reported total revenue of $3.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Hope Residential Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Childrens Hope Residential Services Inc is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $4.3M |
| Surplus / Deficit | $-452,710 |
| Total Assets | $2.9M |
| Total Liabilities | $3.2M |
| Net Assets | $-229,967 |
| Operating Margin | -11.7% |
| Debt-to-Asset Ratio | 107.9% |
| Months of Reserves | 8.1 months |
Financial Health Grade: C
In 2023, Childrens Hope Residential Services Inc reported a deficit of $453K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 107.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Childrens Hope Residential Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | -16.9% | -1.2% |
| 2022 | -30.2% | -32.5% | +8.7% |
| 2021 | -26.2% | -24.8% | -15.7% |
| 2020 | -16.7% | -19.9% | -8.5% |
| 2019 | +4.9% | +8.6% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1500 |
| 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 Childrens Hope Residential Services Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Childrens Hope Residential Services Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $453K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.9%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues in the millions. This could indicate a reliance on volunteer leadership or that compensation is reported under different categories, warranting further investigation into how leadership is compensated.
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 Childrens Hope Residential Services Inc's IRS 990 filings:
- Significant and consistent decline in revenue from $12.4M in 2019 to $3.8M in 2023.
- Liabilities ($3,155,435 in 2023) consistently exceeding assets ($2,925,468 in 2023) in recent periods, indicating potential solvency issues.
- Expenses frequently exceeding revenue, leading to operating deficits in multiple years (e.g., 2023, 2021, 2019).
- Unusual reporting of 0% officer compensation for an organization with multi-million dollar revenues, which may obscure actual leadership compensation.
Strengths
The following positive indicators were identified for Childrens Hope Residential Services Inc:
- Historically managed significant program operations with revenues exceeding $10 million for several years.
- Maintained a substantial asset base, though it has been declining recently.
Frequently Asked Questions about Childrens Hope Residential Services Inc
Is Childrens Hope Residential Services Inc a legitimate charity?
Childrens Hope Residential Services Inc (EIN: 141841206) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 55/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.7M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Childrens Hope Residential Services Inc spend its money?
Childrens Hope Residential Services Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Childrens Hope Residential Services Inc tax-deductible?
Childrens Hope Residential Services Inc is registered as a tax-exempt nonprofit (EIN: 141841206). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Childrens Hope Residential Services Inc's spending goes to programs?
Childrens Hope Residential Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Childrens Hope Residential Services Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Childrens Hope Residential Services Inc is near average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Childrens Hope Residential Services Inc located?
Childrens Hope Residential Services Inc is headquartered in Lubbock, Texas and files with the IRS under EIN 141841206. It is classified under NTEE code P70.
How many years of IRS 990 filings does Childrens Hope Residential Services Inc have?
Childrens Hope Residential Services 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 $3.7M in total revenue.
What is the reason for the significant and consistent decline in revenue since 2019?
The filings do not provide specific reasons for the revenue decline from $12.4 million in 2019 to $3.8 million in 2023, but it is a critical trend impacting financial health.
How does the organization manage to operate with zero reported officer compensation?
The consistent 0% officer compensation is atypical and suggests either a fully volunteer-led executive team or that executive compensation is categorized differently, which would require a deeper dive into the detailed expense schedules.
What is the plan to address the recurring situation where liabilities exceed assets, as seen in 2023?
In 2023, liabilities were $3,155,435 while assets were $2,925,468, indicating a negative net asset position. This trend, also seen in 2021, raises concerns about solvency and financial sustainability.
What are the primary drivers of the expenses consistently exceeding revenue in recent years?
In 2023, expenses ($4,320,512) exceeded revenue ($3,867,802), leading to a deficit. This pattern has been observed in multiple years (e.g., 2023, 2021, 2019, 2016, 2014) and suggests an unsustainable spending model relative to income.
Filing History
IRS 990 filing history for Childrens Hope Residential Services Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Childrens Hope Residential Services Inc's revenue has grown by 151.4%, moving from $1.5M to $3.9M. Total assets increased by 241.3% over the same period, from $857K to $2.9M. Total functional expenses rose by 182.9%, from $1.5M to $4.3M. In its most recent filing year (2023), Childrens Hope Residential Services Inc reported a deficit of $453K, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $2.9M in assets (debt-to-asset ratio: 107.9%), resulting in net assets of $-229,967.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $4.3M | $2.9M | $3.2M | — | — |
| 2022 | $5.3M | $5.2M | $3.0M | $2.7M | — | View 990 |
| 2021 | $7.6M | $7.7M | $2.7M | $2.6M | — | View 990 |
| 2020 | $10.3M | $10.2M | $3.2M | $2.4M | — | View 990 |
| 2019 | $12.4M | $12.8M | $3.5M | $2.8M | — | View 990 |
| 2018 | $11.8M | $11.8M | $3.7M | $2.6M | — | View 990 |
| 2017 | $10.1M | $9.9M | $3.5M | $2.5M | — | View 990 |
| 2016 | $9.2M | $10.0M | $3.5M | $2.7M | — | View 990 |
| 2015 | $10.7M | $10.0M | $4.2M | $2.6M | — | View 990 |
| 2014 | $7.7M | $7.8M | $3.4M | $2.5M | — | View 990 |
| 2013 | $6.8M | $6.6M | $3.4M | $2.4M | — | View 990 |
| 2012 | $5.2M | $5.1M | $2.0M | $1.4M | — | View 990 |
| 2011 | $3.5M | $3.2M | $1.3M | $694K | — | View 990 |
| 2010 | $1.5M | $1.5M | $857K | $535K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $4.3M, and assets of $2.9M (revenue -27.4% year-over-year).
- 2022: Revenue of $5.3M, expenses of $5.2M, and assets of $3.0M (revenue -30.2% year-over-year).
- 2021: Revenue of $7.6M, expenses of $7.7M, and assets of $2.7M (revenue -26.2% year-over-year).
- 2020: Revenue of $10.3M, expenses of $10.2M, and assets of $3.2M (revenue -16.7% year-over-year).
- 2019: Revenue of $12.4M, expenses of $12.8M, and assets of $3.5M (revenue +4.9% year-over-year).
- 2018: Revenue of $11.8M, expenses of $11.8M, and assets of $3.7M (revenue +17.6% year-over-year).
- 2017: Revenue of $10.1M, expenses of $9.9M, and assets of $3.5M (revenue +9.3% year-over-year).
- 2016: Revenue of $9.2M, expenses of $10.0M, and assets of $3.5M (revenue -14.0% year-over-year).
- 2015: Revenue of $10.7M, expenses of $10.0M, and assets of $4.2M (revenue +39.2% year-over-year).
- 2014: Revenue of $7.7M, expenses of $7.8M, and assets of $3.4M (revenue +13.4% year-over-year).
- 2013: Revenue of $6.8M, expenses of $6.6M, and assets of $3.4M (revenue +30.0% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.1M, and assets of $2.0M (revenue +50.5% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.2M, and assets of $1.3M (revenue +125.4% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.5M, and assets of $857K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Childrens Hope Residential Services Inc:
Data Sources and Methodology
This transparency report for Childrens Hope Residential Services 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.