Concerts For Hope
EIN: 475548831 · Simpsonville, KY · NTEE: T50
| Metric | Value |
|---|---|
| Total Revenue | $493K |
| Total Expenses | $490K |
| Net Assets | $194K |
Is Concerts For Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Concerts For Hope
Concerts For Hope (EIN: 475548831) is a nonprofit organization based in Simpsonville, KY, classified under NTEE code T50. The organization reported total revenue of $493K and total assets of $292K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concerts For Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concerts For Hope is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 20.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $295K |
| Total Expenses | $490K |
| Surplus / Deficit | $-195,193 |
| Total Assets | $194K |
| Net Assets | $194K |
| Operating Margin | -66.2% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Concerts For Hope reported a deficit of $195K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2016–2023), Concerts For Hope's revenue has grown at a compound annual growth rate (CAGR) of 20.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.2% | +36.1% | -50.2% |
| 2022 | -9.3% | +63.1% | +17.0% |
| 2021 | +170.9% | +46.1% | +255.3% |
| 2020 | -42.4% | -43.2% | +24.7% |
| 2019 | +58.4% | +62.9% | +60.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Concerts For Hope 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 Concerts For Hope 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 deficit of $195K, with expenses exceeding revenue.
Frequently Asked Questions about Concerts For Hope
Is Concerts For Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Concerts For Hope (EIN: 475548831) insufficient data. 0 red flags identified, 0 strengths noted.
How does Concerts For Hope spend its money?
Detailed spending breakdown data is not yet available for Concerts For Hope. Check back for updated IRS 990 analysis.
Are donations to Concerts For Hope tax-deductible?
Concerts For Hope is registered as a tax-exempt nonprofit (EIN: 475548831). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Concerts For Hope located?
Concerts For Hope is headquartered in Simpsonville, Kentucky and files with the IRS under EIN 475548831. It is classified under NTEE code T50.
How many years of IRS 990 filings does Concerts For Hope have?
Concerts For Hope 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 $493K in total revenue.
Filing History
IRS 990 filing history for Concerts For Hope showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Concerts For Hope's revenue has grown by 266.9%, moving from $80K to $295K. Total assets increased by 5683.2% over the same period, from $3K to $194K. Total functional expenses rose by 536.4%, from $77K to $490K. In its most recent filing year (2023), Concerts For Hope reported a deficit of $195K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $295K | $490K | $194K | $0 | — | View 990 |
| 2022 | $417K | $360K | $389K | $0 | — | — |
| 2021 | $460K | $221K | $332K | $0 | — | View 990 |
| 2020 | $170K | $151K | $94K | $0 | — | View 990 |
| 2019 | $294K | $266K | $75K | $0 | — | View 990 |
| 2018 | $186K | $163K | $47K | $0 | — | View 990 |
| 2017 | $230K | $209K | $24K | $0 | — | View 990 |
| 2016 | $80K | $77K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $295K, expenses of $490K, and assets of $194K (revenue -29.2% year-over-year).
- 2022: Revenue of $417K, expenses of $360K, and assets of $389K (revenue -9.3% year-over-year).
- 2021: Revenue of $460K, expenses of $221K, and assets of $332K (revenue +170.9% year-over-year).
- 2020: Revenue of $170K, expenses of $151K, and assets of $94K (revenue -42.4% year-over-year).
- 2019: Revenue of $294K, expenses of $266K, and assets of $75K (revenue +58.4% year-over-year).
- 2018: Revenue of $186K, expenses of $163K, and assets of $47K (revenue -19.0% year-over-year).
- 2017: Revenue of $230K, expenses of $209K, and assets of $24K (revenue +185.6% year-over-year).
- 2016: Revenue of $80K, expenses of $77K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concerts For Hope:
Data Sources and Methodology
This transparency report for Concerts For Hope 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.