Families Raising Hope
EIN: 873713882 · Phoenix, AZ · NTEE: E86
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $84K |
| Net Assets | $92K |
Is Families Raising Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Families Raising Hope
Families Raising Hope (EIN: 873713882) is a nonprofit organization based in Phoenix, AZ, classified under NTEE code E86. The organization reported total revenue of $112K and total assets of $103K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Families Raising Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Families Raising Hope is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 39.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $84K |
| Surplus / Deficit | +$27K |
| Total Assets | $92K |
| Net Assets | $92K |
| Operating Margin | 24.7% |
| Months of Reserves | 13.2 months |
Financial Health Grade: A
In 2023, Families Raising Hope reported a surplus of $27K with revenue exceeding expenses, holds 13.2 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Families Raising Hope's revenue has grown at a compound annual growth rate (CAGR) of 39.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.6% | +29.3% | +42.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Families Raising Hope 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 Families Raising Hope 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 $27K, with revenue exceeding expenses.
Frequently Asked Questions about Families Raising Hope
Is Families Raising Hope a legitimate charity?
Families Raising Hope (EIN: 873713882) is a registered tax-exempt nonprofit based in Arizona. It has 2 years of IRS 990 filings on record. Total revenue: $112K. No red flags identified. Financial health grade: A.
How does Families Raising Hope spend its money?
Families Raising Hope reported $112K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Families Raising Hope tax-deductible?
Families Raising Hope is registered as a tax-exempt nonprofit (EIN: 873713882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Families Raising Hope located?
Families Raising Hope is headquartered in Phoenix, Arizona and files with the IRS under EIN 873713882. It is classified under NTEE code E86.
How many years of IRS 990 filings does Families Raising Hope have?
Families Raising Hope has 2 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 $112K in total revenue.
Filing History
IRS 990 filing history for Families Raising Hope showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Families Raising Hope's revenue has grown by 39.6%, moving from $80K to $111K. Total assets increased by 42.7% over the same period, from $64K to $92K. Total functional expenses rose by 29.3%, from $65K to $84K. In its most recent filing year (2023), Families Raising Hope reported a surplus of $27K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $111K | $84K | $92K | $0 | — | — |
| 2022 | $80K | $65K | $64K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Families Raising Hope:
Data Sources and Methodology
This transparency report for Families Raising Hope 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.