Encountering Hope Ministriesincorporated
Encountering Hope Ministries consistently operates debt-free with 0% officer compensation, directing all funds to mission.
EIN: 208986652 · Boonville, IN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $289K |
| Total Expenses | $109K |
| Program Spending | 100% |
| Net Assets | $203K |
| Transparency Score | 95/100 |
Is Encountering Hope Ministriesincorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Encountering Hope Ministriesincorporated directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Encountering Hope Ministriesincorporated
Encountering Hope Ministriesincorporated (EIN: 208986652) is a nonprofit organization based in Boonville, IN, classified under NTEE code X20. The organization reported total revenue of $289K and total assets of $208K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Encountering Hope Ministriesincorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Encountering Hope Ministriesincorporated is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $145K |
| Total Expenses | $109K |
| Surplus / Deficit | +$36K |
| Total Assets | $203K |
| Net Assets | $203K |
| Operating Margin | 24.6% |
| Months of Reserves | 22.3 months |
Financial Health Grade: A
In 2024, Encountering Hope Ministriesincorporated reported a surplus of $36K with revenue exceeding expenses, holds 22.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Encountering Hope Ministriesincorporated's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -0.9% | -20.7% | +21.4% |
| 2023 | -3.6% | +2.2% | +5.4% |
| 2022 | -18.5% | -35.4% | +16.1% |
| 2021 | +52.3% | +91.7% | -14.1% |
| 2020 | -5.5% | +10.9% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Encountering Hope Ministriesincorporated with a Mission Score of 95 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Encountering Hope Ministriesincorporated allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization of its size and suggests a volunteer-led leadership model, maximizing funds for direct program use.
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.
Strengths
The following positive indicators were identified for Encountering Hope Ministriesincorporated:
- Consistent 0% officer compensation, maximizing program spending.
- Zero reported liabilities in recent filings, indicating strong financial health.
- Healthy asset growth over time, from $135,145 in 2015 to $202,531 in 2024.
- Expenses consistently below revenue, demonstrating sustainable operations.
- High transparency due to clear financial reporting and lack of executive compensation.
Frequently Asked Questions about Encountering Hope Ministriesincorporated
Is Encountering Hope Ministriesincorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Encountering Hope Ministriesincorporated (EIN: 208986652) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Encountering Hope Ministriesincorporated spend its money?
Encountering Hope Ministriesincorporated directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Encountering Hope Ministriesincorporated tax-deductible?
Encountering Hope Ministriesincorporated is registered as a tax-exempt nonprofit (EIN: 208986652). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Encountering Hope Ministriesincorporated compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Encountering Hope Ministriesincorporated is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Encountering Hope Ministriesincorporated located?
Encountering Hope Ministriesincorporated is headquartered in Boonville, Indiana and files with the IRS under EIN 208986652. It is classified under NTEE code X20.
How many years of IRS 990 filings does Encountering Hope Ministriesincorporated have?
Encountering Hope Ministriesincorporated 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 $289K in total revenue.
Is Encountering Hope Ministries a good charity?
Based on the available IRS 990 data, Encountering Hope Ministries appears to be a very good charity. They consistently report 0% officer compensation, maintain a healthy asset-to-liability ratio (often $0 liabilities), and generally spend less than they earn, allowing for asset growth. This indicates strong financial stewardship and a high dedication to their mission.
How does Encountering Hope Ministries manage its finances?
The organization manages its finances prudently, consistently operating with no reported liabilities in recent years (e.g., $0 in 2024, 2023, 2022). They also demonstrate responsible spending, with expenses typically below revenue, contributing to a growing asset base (e.g., assets grew from $135,145 in 2015 to $202,531 in 2024).
What is the trend in revenue and expenses for Encountering Hope Ministries?
Revenue has shown some fluctuation but generally increased over the long term, from $46,303 in 2016 to $144,764 in 2024. Expenses have also increased but typically remain below revenue, indicating sustainable operations. For example, in 2024, revenue was $144,764 and expenses were $109,111.
Filing History
IRS 990 filing history for Encountering Hope Ministriesincorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Encountering Hope Ministriesincorporated's revenue has grown by 74.9%, moving from $83K to $145K. Total assets increased by 193.2% over the same period, from $69K to $203K. Total functional expenses rose by 145.3%, from $44K to $109K. In its most recent filing year (2024), Encountering Hope Ministriesincorporated reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $145K | $109K | $203K | $0 | — | View 990 |
| 2023 | $146K | $138K | $167K | $0 | — | View 990 |
| 2022 | $152K | $135K | $158K | $0 | — | View 990 |
| 2021 | $186K | $208K | $136K | $0 | — | View 990 |
| 2020 | $122K | $109K | $159K | $0 | — | View 990 |
| 2019 | $129K | $98K | $192K | $95 | — | View 990 |
| 2018 | $147K | $130K | $141K | $0 | — | — |
| 2017 | $63K | $55K | $140K | $0 | — | View 990 |
| 2016 | $46K | $49K | $132K | $0 | — | View 990 |
| 2015 | $67K | $64K | $135K | $0 | — | View 990 |
| 2014 | $117K | $82K | $132K | $0 | — | View 990 |
| 2013 | $87K | $60K | $97K | $0 | — | View 990 |
| 2012 | $83K | $44K | $69K | $0 | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $145K, expenses of $109K, and assets of $203K (revenue -0.9% year-over-year).
- 2023: Revenue of $146K, expenses of $138K, and assets of $167K (revenue -3.6% year-over-year).
- 2022: Revenue of $152K, expenses of $135K, and assets of $158K (revenue -18.5% year-over-year).
- 2021: Revenue of $186K, expenses of $208K, and assets of $136K (revenue +52.3% year-over-year).
- 2020: Revenue of $122K, expenses of $109K, and assets of $159K (revenue -5.5% year-over-year).
- 2019: Revenue of $129K, expenses of $98K, and assets of $192K (revenue -12.3% year-over-year).
- 2018: Revenue of $147K, expenses of $130K, and assets of $141K (revenue +134.7% year-over-year).
- 2017: Revenue of $63K, expenses of $55K, and assets of $140K (revenue +35.5% year-over-year).
- 2016: Revenue of $46K, expenses of $49K, and assets of $132K (revenue -30.9% year-over-year).
- 2015: Revenue of $67K, expenses of $64K, and assets of $135K (revenue -42.6% year-over-year).
- 2014: Revenue of $117K, expenses of $82K, and assets of $132K (revenue +33.8% year-over-year).
- 2013: Revenue of $87K, expenses of $60K, and assets of $97K (revenue +5.4% year-over-year).
- 2012: Revenue of $83K, expenses of $44K, and assets of $69K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Encountering Hope Ministriesincorporated:
Data Sources and Methodology
This transparency report for Encountering Hope Ministriesincorporated 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.