Faith And Hope Association Ltd
Faith And Hope Association Ltd maintains stable assets and minimal liabilities with no reported officer compensation.
EIN: 203140008 · Keene, NH · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $97K |
| Total Expenses | $49K |
| Program Spending | 85% |
| Net Assets | $44K |
| Transparency Score | 85/100 |
Is Faith And Hope Association Ltd Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Faith And Hope Association Ltd directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Faith And Hope Association Ltd
Faith And Hope Association Ltd (EIN: 203140008) is a nonprofit organization based in Keene, NH, classified under NTEE code N67. The organization reported total revenue of $97K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith And Hope Association Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith And Hope Association Ltd is a micro nonprofit that has been operating for 20 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $49K |
| Surplus / Deficit | +$743 |
| Total Assets | $45K |
| Total Liabilities | $951 |
| Net Assets | $44K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Faith And Hope Association Ltd reported a surplus of $743 with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Faith And Hope Association Ltd's revenue has declined at a compound annual growth rate (CAGR) of -29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.8% | -40.8% | -0.4% |
| 2022 | +53.0% | +50.7% | +0.9% |
| 2021 | -61.8% | -53.7% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Faith And Hope Association Ltd with a Mission Score of 85 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, Faith And Hope Association Ltd 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 surplus of $743, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all four filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly favorable for a small organization with fluctuating revenues.
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 Faith And Hope Association Ltd:
- 0% officer compensation reported across all filings, indicating efficient use of funds at the top.
- Consistent filing of IRS Form 990s, demonstrating transparency.
- Minimal liabilities ($951 in 2023, $1,865 in 2022, $0 in 2021 and 2020) indicating sound financial management.
- Stable asset base relative to its operational size, with assets of $53,572 in the latest period.
Frequently Asked Questions about Faith And Hope Association Ltd
Is Faith And Hope Association Ltd a legitimate charity?
Faith And Hope Association Ltd (EIN: 203140008) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 4 years of IRS 990 filings on record. Total revenue: $97K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Faith And Hope Association Ltd spend its money?
Faith And Hope Association Ltd directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Faith And Hope Association Ltd tax-deductible?
Faith And Hope Association Ltd is registered as a tax-exempt nonprofit (EIN: 203140008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Faith And Hope Association Ltd's spending goes to programs?
Faith And Hope Association Ltd directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Faith And Hope Association Ltd compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Faith And Hope Association Ltd is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Faith And Hope Association Ltd located?
Faith And Hope Association Ltd is headquartered in Keene, New Hampshire and files with the IRS under EIN 203140008. It is classified under NTEE code N67.
How many years of IRS 990 filings does Faith And Hope Association Ltd have?
Faith And Hope Association Ltd has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $97K in total revenue.
Is Faith And Hope Association Ltd financially stable?
Yes, the organization appears financially stable. While revenue fluctuates (e.g., $139,153 in 2020 vs. $49,752 in 2023), expenses generally track revenue, and assets have remained consistent around $44,000-$53,000 with minimal liabilities.
How does Faith And Hope Association Ltd manage executive compensation?
Faith And Hope Association Ltd reports 0% officer compensation in all available filings, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.
What is the trend in the organization's revenue?
Revenue has fluctuated, with a high of $139,153 in 2020, a low of $49,752 in 2023, and an average around $78,314 over the four periods. There isn't a clear upward or downward trend, but rather variability.
Filing History
IRS 990 filing history for Faith And Hope Association Ltd showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Faith And Hope Association Ltd's revenue has declined by 64.2%, moving from $139K to $50K. Total assets decreased by 3.4% over the same period, from $46K to $45K. Total functional expenses fell by 58.6%, from $119K to $49K. In its most recent filing year (2023), Faith And Hope Association Ltd reported a surplus of $743, with revenue exceeding expenses. The organization holds $951 in liabilities against $45K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $44K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $49K | $45K | $951 | — | — |
| 2022 | $81K | $83K | $45K | $2K | — | — |
| 2021 | $53K | $55K | $44K | $0 | — | — |
| 2020 | $139K | $119K | $46K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $49K, and assets of $45K (revenue -38.8% year-over-year).
- 2022: Revenue of $81K, expenses of $83K, and assets of $45K (revenue +53.0% year-over-year).
- 2021: Revenue of $53K, expenses of $55K, and assets of $44K (revenue -61.8% year-over-year).
- 2020: Revenue of $139K, expenses of $119K, and assets of $46K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith And Hope Association Ltd:
Data Sources and Methodology
This transparency report for Faith And Hope Association Ltd 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.