Faith Hope And Love Global Ministries
EIN: 352327343 · Minneapolis, MN · NTEE: B94
| Metric | Value |
|---|---|
| Total Revenue | $247K |
| Total Expenses | $205K |
| Net Assets | $214K |
Is Faith Hope And Love Global Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Faith Hope And Love Global Ministries
Faith Hope And Love Global Ministries (EIN: 352327343) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B94. The organization reported total revenue of $247K and total assets of $353K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Hope And Love Global Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Faith Hope And Love Global Ministries is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $205K |
| Surplus / Deficit | +$6K |
| Total Assets | $369K |
| Total Liabilities | $155K |
| Net Assets | $214K |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 42.1% |
| Months of Reserves | 21.6 months |
Financial Health Grade: A
In 2023, Faith Hope And Love Global Ministries reported a surplus of $6K with revenue exceeding expenses, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Faith Hope And Love Global Ministries's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.9% | -29.0% | +12.5% |
| 2022 | -22.1% | +1.4% | +10.0% |
| 2021 | -29.7% | +4.0% | -6.6% |
| 2020 | +159.6% | +61.7% | +177.0% |
| 2019 | -12.1% | +8.0% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7210 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Faith Hope And Love Global Ministries 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 Faith Hope And Love Global Ministries 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.1%.
Frequently Asked Questions about Faith Hope And Love Global Ministries
Is Faith Hope And Love Global Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Faith Hope And Love Global Ministries (EIN: 352327343) insufficient data. 0 red flags identified, 0 strengths noted.
How does Faith Hope And Love Global Ministries spend its money?
Detailed spending breakdown data is not yet available for Faith Hope And Love Global Ministries. Check back for updated IRS 990 analysis.
Are donations to Faith Hope And Love Global Ministries tax-deductible?
Faith Hope And Love Global Ministries is registered as a tax-exempt nonprofit (EIN: 352327343). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Faith Hope And Love Global Ministries located?
Faith Hope And Love Global Ministries is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 352327343. It is classified under NTEE code B94.
How many years of IRS 990 filings does Faith Hope And Love Global Ministries have?
Faith Hope And Love Global Ministries 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 $247K in total revenue.
Filing History
IRS 990 filing history for Faith Hope And Love Global Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Faith Hope And Love Global Ministries's revenue has grown by 55.5%, moving from $136K to $211K. Total assets increased by 2442.7% over the same period, from $15K to $369K. Total functional expenses rose by 55.4%, from $132K to $205K. In its most recent filing year (2023), Faith Hope And Love Global Ministries reported a surplus of $6K, with revenue exceeding expenses. The organization holds $155K in liabilities against $369K in assets (debt-to-asset ratio: 42.1%), resulting in net assets of $214K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $205K | $369K | $155K | — | — |
| 2022 | $229K | $289K | $328K | $120K | — | View 990 |
| 2021 | $294K | $285K | $298K | $30K | — | View 990 |
| 2020 | $418K | $274K | $319K | $60K | — | — |
| 2019 | $161K | $169K | $115K | $0 | — | View 990 |
| 2018 | $183K | $157K | $124K | $0 | — | View 990 |
| 2017 | $190K | $153K | $97K | $0 | — | View 990 |
| 2016 | $156K | $142K | $60K | $0 | — | View 990 |
| 2015 | $123K | $93K | $46K | $0 | — | View 990 |
| 2014 | $109K | $111K | $16K | $0 | — | View 990 |
| 2013 | $178K | $176K | $18K | $0 | — | View 990 |
| 2012 | $165K | $165K | $15K | $0 | — | View 990 |
| 2011 | $136K | $132K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $205K, and assets of $369K (revenue -7.9% year-over-year).
- 2022: Revenue of $229K, expenses of $289K, and assets of $328K (revenue -22.1% year-over-year).
- 2021: Revenue of $294K, expenses of $285K, and assets of $298K (revenue -29.7% year-over-year).
- 2020: Revenue of $418K, expenses of $274K, and assets of $319K (revenue +159.6% year-over-year).
- 2019: Revenue of $161K, expenses of $169K, and assets of $115K (revenue -12.1% year-over-year).
- 2018: Revenue of $183K, expenses of $157K, and assets of $124K (revenue -3.7% year-over-year).
- 2017: Revenue of $190K, expenses of $153K, and assets of $97K (revenue +21.6% year-over-year).
- 2016: Revenue of $156K, expenses of $142K, and assets of $60K (revenue +27.0% year-over-year).
- 2015: Revenue of $123K, expenses of $93K, and assets of $46K (revenue +12.6% year-over-year).
- 2014: Revenue of $109K, expenses of $111K, and assets of $16K (revenue -38.6% year-over-year).
- 2013: Revenue of $178K, expenses of $176K, and assets of $18K (revenue +7.8% year-over-year).
- 2012: Revenue of $165K, expenses of $165K, and assets of $15K (revenue +21.9% year-over-year).
- 2011: Revenue of $136K, expenses of $132K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Faith Hope And Love Global Ministries:
Data Sources and Methodology
This transparency report for Faith Hope And Love Global Ministries 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.