Discover Hope 517
EIN: 473987667 · Newton, IA · NTEE: F20
Is Discover Hope 517 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Discover Hope 517
Discover Hope 517 (EIN: 473987667) is a nonprofit organization based in Newton, IA, classified under NTEE code F20. The organization reported total revenue of $297K and total assets of $554K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Discover Hope 517's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Discover Hope 517 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 Discover Hope 517 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.
Frequently Asked Questions about Discover Hope 517
Is Discover Hope 517 a legitimate charity?
Based on AI analysis of IRS 990 filings, Discover Hope 517 (EIN: 473987667) insufficient data. 0 red flags identified, 0 strengths noted.
How does Discover Hope 517 spend its money?
Detailed spending breakdown data is not yet available for Discover Hope 517. Check back for updated IRS 990 analysis.
Are donations to Discover Hope 517 tax-deductible?
Discover Hope 517 is registered as a tax-exempt nonprofit (EIN: 473987667). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Discover Hope 517 showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Discover Hope 517's revenue has grown by 944.8%, moving from $24K to $246K. Total assets increased by 4630.6% over the same period, from $13K to $594K. Total functional expenses rose by 2253.8%, from $11K to $259K. In its most recent filing year (2023), Discover Hope 517 reported a deficit of $13K, with expenses exceeding revenue. The organization holds $148K in liabilities against $594K in assets (debt-to-asset ratio: 24.9%), resulting in net assets of $446K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $246K | $259K | $594K | $148K | — | — |
| 2022 | $283K | $317K | $622K | $163K | — | View 990 |
| 2021 | $289K | $302K | $665K | $172K | — | View 990 |
| 2020 | $340K | $206K | $698K | $157K | — | — |
| 2019 | $184K | $128K | $608K | $200K | — | View 990 |
| 2018 | $234K | $275K | $29K | $0 | — | View 990 |
| 2017 | $96K | $50K | $70K | $0 | — | View 990 |
| 2016 | $63K | $51K | $24K | $0 | — | View 990 |
| 2015 | $24K | $11K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $246K, expenses of $259K, and assets of $594K (revenue -13.0% year-over-year).
- 2022: Revenue of $283K, expenses of $317K, and assets of $622K (revenue -2.2% year-over-year).
- 2021: Revenue of $289K, expenses of $302K, and assets of $665K (revenue -14.9% year-over-year).
- 2020: Revenue of $340K, expenses of $206K, and assets of $698K (revenue +85.2% year-over-year).
- 2019: Revenue of $184K, expenses of $128K, and assets of $608K (revenue -21.5% year-over-year).
- 2018: Revenue of $234K, expenses of $275K, and assets of $29K (revenue +142.7% year-over-year).
- 2017: Revenue of $96K, expenses of $50K, and assets of $70K (revenue +53.7% year-over-year).
- 2016: Revenue of $63K, expenses of $51K, and assets of $24K (revenue +166.1% year-over-year).
- 2015: Revenue of $24K, expenses of $11K, and assets of $13K.
Data Sources and Methodology
This transparency report for Discover Hope 517 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.