Door Of Hope Inc
Door Of Hope Inc maintains stable finances with no reported officer compensation.
EIN: 202773923 · Memphis, TN · NTEE: P85 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.5M |
| Transparency Score | 90/100 |
Is Door Of Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Door Of Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Door Of Hope Inc
Door Of Hope Inc (EIN: 202773923) is a nonprofit organization based in Memphis, TN, classified under NTEE code P85. The organization reported total revenue of $1.3M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Door Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Door Of Hope Inc is a mid-size 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 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-9,552 |
| Total Assets | $1.5M |
| Total Liabilities | $14K |
| Net Assets | $1.5M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 16.0 months |
Financial Health Grade: B
In 2023, Door Of Hope Inc reported a deficit of $10K with expenses exceeding revenue, holds 16.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Door Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.6% | +8.3% | +0.1% |
| 2022 | +3.3% | +3.4% | -0.1% |
| 2021 | +2.3% | +3.3% | -1.8% |
| 2020 | +2.8% | +7.3% | +2.0% |
| 2019 | +2.6% | -5.5% | +5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Door Of Hope Inc with a Mission Score of 90 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, Door Of 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Door Of Hope Inc consistently reports 0% officer compensation across all 13 available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size with over $1 million in annual revenue.
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 Door Of Hope Inc's IRS 990 filings:
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
- Unusually consistent 0% officer compensation for an organization of this size, which might warrant further inquiry into compensation structures.
Strengths
The following positive indicators were identified for Door Of Hope Inc:
- Consistent reporting of 0% officer compensation, indicating high dedication of funds to mission.
- Strong asset base ($1,494,968 in 2023) significantly exceeding liabilities ($13,752 in 2023), demonstrating financial stability.
- Revenues closely matching expenses in recent years, suggesting prudent financial management.
- Consistent growth in assets over time, indicating effective resource accumulation.
Frequently Asked Questions about Door Of Hope Inc
Is Door Of Hope Inc a legitimate charity?
Door Of Hope Inc (EIN: 202773923) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Door Of Hope Inc spend its money?
Door Of Hope Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Door Of Hope Inc tax-deductible?
Door Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 202773923). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Door Of Hope Inc CEO make?
Door Of Hope Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Door Of Hope Inc's spending goes to programs?
Door Of Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Door Of Hope Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Door Of Hope Inc is above average for NTEE category P85 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Door Of Hope Inc located?
Door Of Hope Inc is headquartered in Memphis, Tennessee and files with the IRS under EIN 202773923. It is classified under NTEE code P85.
How many years of IRS 990 filings does Door Of Hope Inc have?
Door Of Hope Inc has 13 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 $1.3M in total revenue.
How does Door Of Hope Inc manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which suggests that executive leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, or that the organization's structure does not include paid officers in the traditional sense. Further investigation into their operational model would be beneficial.
What caused the significant revenue increase in 2017 to over $2 million?
In 2017, Door Of Hope Inc reported revenue of $2,029,275, a substantial increase from the $929,251 in 2018 and $576,818 in 2016. This spike could be due to a one-time grant, a major fundraising campaign, or a large donation. Understanding the source of this revenue would provide insight into the organization's funding diversification.
What are the specific program activities funded by Door Of Hope Inc?
While the NTEE code P85 indicates a focus on 'Housing & Shelter', the provided financial data does not detail the specific programs or services offered. A deeper dive into their program expenses would clarify how their funds are utilized to achieve their mission.
Is the organization's asset growth sustainable?
The organization has shown consistent asset growth, from $321,971 in 2016 to $1,494,968 in 2023, while maintaining low liabilities. This indicates a strong financial position and good stewardship of resources, suggesting sustainable growth.
Filing History
IRS 990 filing history for Door Of Hope Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Door Of Hope Inc's revenue has grown by 31.2%, moving from $849K to $1.1M. Total assets increased by 88% over the same period, from $795K to $1.5M. Total functional expenses rose by 144.2%, from $460K to $1.1M. In its most recent filing year (2023), Door Of Hope Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $14K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $1.5M | $14K | — | — |
| 2022 | $1.0M | $1.0M | $1.5M | $12K | — | View 990 |
| 2021 | $1.0M | $1.0M | $1.5M | $12K | — | View 990 |
| 2020 | $980K | $972K | $1.5M | $38K | — | View 990 |
| 2019 | $954K | $906K | $1.5M | $20K | — | View 990 |
| 2018 | $929K | $959K | $1.4M | $2K | — | View 990 |
| 2017 | $2.0M | $882K | $1.5M | $6K | — | View 990 |
| 2016 | $577K | $580K | $322K | $19K | — | View 990 |
| 2015 | $511K | $447K | $462K | $89K | — | View 990 |
| 2014 | $549K | $498K | $417K | $107K | — | View 990 |
| 2013 | $501K | $243K | $795K | $128K | — | View 990 |
| 2012 | $571K | $384K | $823K | $158K | — | View 990 |
| 2011 | $849K | $460K | $795K | $160K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue +7.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M (revenue +3.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M (revenue +2.3% year-over-year).
- 2020: Revenue of $980K, expenses of $972K, and assets of $1.5M (revenue +2.8% year-over-year).
- 2019: Revenue of $954K, expenses of $906K, and assets of $1.5M (revenue +2.6% year-over-year).
- 2018: Revenue of $929K, expenses of $959K, and assets of $1.4M (revenue -54.2% year-over-year).
- 2017: Revenue of $2.0M, expenses of $882K, and assets of $1.5M (revenue +251.8% year-over-year).
- 2016: Revenue of $577K, expenses of $580K, and assets of $322K (revenue +12.8% year-over-year).
- 2015: Revenue of $511K, expenses of $447K, and assets of $462K (revenue -6.9% year-over-year).
- 2014: Revenue of $549K, expenses of $498K, and assets of $417K (revenue +9.7% year-over-year).
- 2013: Revenue of $501K, expenses of $243K, and assets of $795K (revenue -12.3% year-over-year).
- 2012: Revenue of $571K, expenses of $384K, and assets of $823K (revenue -32.7% year-over-year).
- 2011: Revenue of $849K, expenses of $460K, and assets of $795K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Door Of Hope Inc:
Data Sources and Methodology
This transparency report for Door Of 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.