Climb For Hope Inc
Climb For Hope Inc. shows growth and no executive compensation, but experienced a deficit in its latest fiscal year.
EIN: 204672910 · Baltimore, MD · NTEE: C30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $194K |
| Program Spending | 85% |
| Net Assets | $30K |
| Transparency Score | 85/100 |
Is Climb For Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Climb For Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Climb For Hope Inc
Climb For Hope Inc (EIN: 204672910) is a nonprofit organization based in Baltimore, MD, classified under NTEE code C30. The organization reported total revenue of $145K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Climb For Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Climb For Hope Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $171K |
| Total Expenses | $194K |
| Surplus / Deficit | $-23,101 |
| Total Assets | $33K |
| Total Liabilities | $3K |
| Net Assets | $30K |
| Operating Margin | -13.5% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Climb For Hope Inc reported a deficit of $23K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Climb For Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.6% | +72.0% | -40.5% |
| 2022 | -23.8% | -5.2% | +19.0% |
| 2021 | +163.8% | +97.8% | +103.8% |
| 2019 | +35.0% | +42.6% | +1.5% |
| 2018 | +8.9% | +12.8% | +13.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Climb For Hope Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Climb For Hope Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for donor confidence given the organization's size.
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 Climb For Hope Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest fiscal period (2023), leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Climb For Hope Inc:
- Consistent 0% officer compensation across all reported periods.
- Significant revenue growth over the past decade, indicating increasing support.
- Consistent filing of IRS 990 forms, demonstrating transparency.
Frequently Asked Questions about Climb For Hope Inc
Is Climb For Hope Inc a legitimate charity?
Climb For Hope Inc (EIN: 204672910) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $145K. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Climb For Hope Inc spend its money?
Climb For Hope Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Climb For Hope Inc tax-deductible?
Climb For Hope Inc is registered as a tax-exempt nonprofit (EIN: 204672910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Climb For Hope Inc's spending goes to programs?
Climb For Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Climb For Hope Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Climb For Hope Inc is above average for NTEE category C30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Climb For Hope Inc located?
Climb For Hope Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 204672910. It is classified under NTEE code C30.
How many years of IRS 990 filings does Climb For Hope Inc have?
Climb For Hope Inc has 12 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 $145K in total revenue.
Is Climb For Hope Inc. a good charity?
Based on the available data, Climb For Hope Inc. appears to be a good charity, primarily due to its consistent lack of officer compensation and a strong historical trend of growth. However, the recent deficit in 2023 should be monitored.
What caused the deficit in 2023?
The IRS 990 data indicates that in 2023, expenses ($193,613) exceeded revenue ($170,512) by $23,101. The specific causes of this increase in expenses or decrease in revenue are not detailed in the summary data provided.
How has the organization's financial health changed over time?
Climb For Hope Inc. has shown significant growth in revenue, from $15,220 in 2014 to $170,512 in 2023. Assets have also generally increased over the decade, though there was a notable decrease from $54,607 in 2022 to $32,516 in 2023 due to the recent deficit.
Filing History
IRS 990 filing history for Climb For Hope Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Climb For Hope Inc's revenue has grown by 413.7%, moving from $33K to $171K. Total assets increased by 485.7% over the same period, from $6K to $33K. Total functional expenses rose by 339.2%, from $44K to $194K. In its most recent filing year (2023), Climb For Hope Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $3K in liabilities against $33K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $194K | $33K | $3K | — | — |
| 2022 | $121K | $113K | $55K | $2K | — | View 990 |
| 2021 | $159K | $119K | $46K | $2K | — | View 990 |
| 2019 | $60K | $60K | $23K | $0 | — | View 990 |
| 2018 | $45K | $42K | $22K | $0 | — | View 990 |
| 2017 | $41K | $37K | $20K | $0 | — | View 990 |
| 2016 | $63K | $53K | $16K | $0 | — | View 990 |
| 2015 | $27K | $23K | $5K | $0 | — | View 990 |
| 2014 | $15K | $20K | $1K | $0 | — | View 990 |
| 2013 | $25K | $30K | $6K | $0 | — | View 990 |
| 2012 | $24K | $20K | $10K | $0 | — | View 990 |
| 2011 | $33K | $44K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $194K, and assets of $33K (revenue +40.6% year-over-year).
- 2022: Revenue of $121K, expenses of $113K, and assets of $55K (revenue -23.8% year-over-year).
- 2021: Revenue of $159K, expenses of $119K, and assets of $46K (revenue +163.8% year-over-year).
- 2019: Revenue of $60K, expenses of $60K, and assets of $23K (revenue +35.0% year-over-year).
- 2018: Revenue of $45K, expenses of $42K, and assets of $22K (revenue +8.9% year-over-year).
- 2017: Revenue of $41K, expenses of $37K, and assets of $20K (revenue -34.9% year-over-year).
- 2016: Revenue of $63K, expenses of $53K, and assets of $16K (revenue +137.0% year-over-year).
- 2015: Revenue of $27K, expenses of $23K, and assets of $5K (revenue +74.9% year-over-year).
- 2014: Revenue of $15K, expenses of $20K, and assets of $1K (revenue -40.3% year-over-year).
- 2013: Revenue of $25K, expenses of $30K, and assets of $6K (revenue +4.7% year-over-year).
- 2012: Revenue of $24K, expenses of $20K, and assets of $10K (revenue -26.6% year-over-year).
- 2011: Revenue of $33K, expenses of $44K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Climb For Hope Inc:
Data Sources and Methodology
This transparency report for Climb 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.