Community Of Hope Ministries

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Community Of Hope Ministries Form 990, Revenue, CEO Pay, and IRS Filing Signals

Community Of Hope Ministries is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Community Of Hope Ministries in one place.

Is Community Of Hope Ministries Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Community Of Hope Ministries with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Community Of Hope Ministries directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Community Of Hope Ministries

Community Of Hope Ministries (EIN: 202004572) is a nonprofit organization based in Garner, NC, classified under NTEE code B90. The organization reported total revenue of $719K and total assets of $787K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Of Hope Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Community Of Hope Ministries is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Community Of Hope Ministries reported a surplus of $81K with revenue exceeding expenses, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Community Of Hope Ministries's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.

IRS Tax-Exempt Classification

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 Community Of Hope Ministries 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, Community Of Hope Ministries 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 $81K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.8%.

Executive Compensation Analysis

Community Of Hope Ministries has reported 0% officer compensation across all 13 filings, indicating that its leadership operates on a volunteer basis, which is highly unusual for an organization of its size with latest revenue of $606,661.

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 Community Of Hope Ministries's IRS 990 filings:

• No reported officer compensation could indicate under-reporting or a highly unusual volunteer-only executive structure for an organization of this size, which might not be sustainable long-term.

Strengths

The following positive indicators were identified for Community Of Hope Ministries:

• Consistent revenue growth from $218,520 in 2014 to $606,661 in 2023.
• Healthy asset growth from $203,697 in 2014 to $759,099 in 2023.
• No reported officer compensation across all 13 filings, indicating high efficiency in leadership costs.
• Consistent operational surpluses, with revenue exceeding expenses in every reported period.
• Low liabilities relative to assets, indicating strong financial stability (e.g., $6,264 liabilities vs. $759,099 assets in 2023).

Frequently Asked Questions about Community Of Hope Ministries

Filing History

IRS 990 filing history for Community Of Hope Ministries showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Community Of Hope Ministries's revenue has grown by 268.9%, moving from $164K to $607K. Total assets increased by 1008.5% over the same period, from $68K to $759K. Total functional expenses rose by 246.5%, from $152K to $526K. In its most recent filing year (2023), Community Of Hope Ministries reported a surplus of $81K, with revenue exceeding expenses. The organization holds $6K in liabilities against $759K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $753K.

Year-by-Year Financial Summary

• 2023: Revenue of $607K, expenses of $526K, and assets of $759K (revenue +34.1% year-over-year).
• 2022: Revenue of $452K, expenses of $351K, and assets of $675K (revenue +10.7% year-over-year).
• 2021: Revenue of $409K, expenses of $276K, and assets of $573K (revenue -7.0% year-over-year).
• 2020: Revenue of $439K, expenses of $321K, and assets of $440K (revenue +26.3% year-over-year).
• 2019: Revenue of $348K, expenses of $346K, and assets of $321K (revenue -3.2% year-over-year).
• 2018: Revenue of $360K, expenses of $326K, and assets of $323K (revenue +11.9% year-over-year).
• 2017: Revenue of $321K, expenses of $291K, and assets of $285K (revenue +42.2% year-over-year).
• 2016: Revenue of $226K, expenses of $204K, and assets of $259K (revenue +6.1% year-over-year).
• 2015: Revenue of $213K, expenses of $184K, and assets of $232K (revenue -2.5% year-over-year).
• 2014: Revenue of $219K, expenses of $163K, and assets of $204K (revenue +22.3% year-over-year).
• 2013: Revenue of $179K, expenses of $135K, and assets of $134K (revenue +12.9% year-over-year).
• 2012: Revenue of $158K, expenses of $137K, and assets of $89K (revenue -3.8% year-over-year).
• 2011: Revenue of $164K, expenses of $152K, and assets of $68K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Community Of Hope Ministries:

Data Sources and Methodology

This transparency report for Community Of Hope Ministries 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.