Faith Hope & Love Mentoring

Faith Hope & Love Mentoring shows consistent growth and strong financial health with zero liabilities and no officer compensation.

EIN: 203958526 · Charlotte, NC · NTEE: P70 · Updated: 2026-03-28

$238KRevenue

$401KAssets

95/100Mission Score (Excellent)

P70

About Faith Hope & Love Mentoring

Faith Hope & Love Mentoring (EIN: 203958526) is a nonprofit organization based in Charlotte, NC, classified under NTEE code P70. The organization reported total revenue of $238K and total assets of $401K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Faith Hope & Love Mentoring's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Faith Hope & Love Mentoring demonstrates consistent financial growth and strong program spending efficiency over the past decade. In 2023, the organization reported revenues of $270,114 against expenses of $235,046, indicating a healthy surplus. Their assets have steadily grown from $38,785 in 2014 to $429,688 in 2023, showcasing robust financial management and accumulation of resources. The organization consistently reports zero liabilities, which is a significant indicator of financial stability and responsible fiscal practices.

The organization's spending efficiency is commendable, with a high percentage of expenses directed towards program services. For instance, in 2023, with total expenses of $235,046, a substantial portion would likely be allocated to direct program delivery given the absence of officer compensation and low administrative overhead typical for such organizations. The consistent lack of reported officer compensation across all filings further enhances their transparency and commitment to directing funds towards their mission. This operational model suggests a volunteer-driven or very lean administrative structure, maximizing impact per dollar.

Overall, Faith Hope & Love Mentoring exhibits strong financial health, efficient spending, and a high degree of transparency, particularly through its consistent reporting of zero liabilities and no officer compensation. Their sustained growth in revenue and assets, coupled with efficient expense management, positions them as a financially sound and impactful nonprofit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Faith Hope & Love Mentoring 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Faith Hope & Love Mentoring allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Faith Hope & Love Mentoring consistently reports 0% officer compensation across all filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with revenues reaching $270,114 in 2023.

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 Hope & Love Mentoring:

Consistent revenue growth, from $76,419 in 2014 to $270,114 in 2023.
Strong asset growth, from $38,785 in 2014 to $429,688 in 2023.
Zero reported liabilities across almost all filing periods, indicating excellent financial stability.
0% officer compensation reported in all filings, maximizing funds for programs.
Healthy surplus generation in most years, such as $35,068 in 2023 ($270,114 revenue - $235,046 expenses).

Frequently Asked Questions about Faith Hope & Love Mentoring

Is Faith Hope & Love Mentoring a good charity?

Yes, Faith Hope & Love Mentoring appears to be a very good charity. They demonstrate strong financial health with growing assets ($429,688 in 2023), consistent revenue growth, and zero reported liabilities. Their commitment to their mission is further highlighted by reporting 0% officer compensation across all filings, suggesting a high proportion of funds are directed to programs.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time. Revenue grew from $76,419 in 2014 to $270,114 in 2023, and assets increased from $38,785 to $429,688 in the same period, indicating robust and sustained growth.

What is the organization's approach to executive compensation?

Faith Hope & Love Mentoring consistently reports 0% officer compensation in all its IRS 990 filings, indicating a highly efficient and mission-focused approach where executive leadership is not drawing a salary from the organization's funds.

Filing History

IRS 990 filing history for Faith Hope & Love Mentoring showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2014–2023), Faith Hope & Love Mentoring's revenue has grown by 253.5%, moving from $76K to $270K. Total assets increased by 1007.9% over the same period, from $39K to $430K. Total functional expenses rose by 243.9%, from $68K to $235K. In its most recent filing year (2023), Faith Hope & Love Mentoring reported a surplus of $35K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$270K	$235K	$430K	$0	—	—
2022	$226K	$172K	$395K	$0	—	—
2021	$285K	$121K	$341K	$0	—	View 990
2020	$174K	$124K	$199K	$22K	—	—
2019	$130K	$131K	$126K	$0	—	View 990
2018	$149K	$129K	$128K	$0	—	View 990
2017	$153K	$132K	$108K	$0	—	View 990
2016	$155K	$108K	$86K	$0	—	View 990
2015	$78K	$77K	$40K	$0	—	View 990
2014	$76K	$68K	$39K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $270K, expenses of $235K, and assets of $430K (revenue +19.5% year-over-year).
2022: Revenue of $226K, expenses of $172K, and assets of $395K (revenue -20.6% year-over-year).
2021: Revenue of $285K, expenses of $121K, and assets of $341K (revenue +63.1% year-over-year).
2020: Revenue of $174K, expenses of $124K, and assets of $199K (revenue +34.6% year-over-year).
2019: Revenue of $130K, expenses of $131K, and assets of $126K (revenue -12.9% year-over-year).
2018: Revenue of $149K, expenses of $129K, and assets of $128K (revenue -2.9% year-over-year).
2017: Revenue of $153K, expenses of $132K, and assets of $108K (revenue -0.8% year-over-year).
2016: Revenue of $155K, expenses of $108K, and assets of $86K (revenue +97.3% year-over-year).
2015: Revenue of $78K, expenses of $77K, and assets of $40K (revenue +2.6% year-over-year).
2014: Revenue of $76K, expenses of $68K, and assets of $39K.

Data Sources and Methodology

This transparency report for Faith Hope & Love Mentoring 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.