Favre 4 Hope Inc
EIN: 640870371 · Gulfport, MS · NTEE: T30Z
| Metric | Value |
|---|---|
| Total Revenue | $282K |
| Total Expenses | $173K |
| Net Assets | $1.4M |
Is Favre 4 Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Favre 4 Hope Inc
Favre 4 Hope Inc (EIN: 640870371) is a nonprofit organization based in Gulfport, MS, classified under NTEE code T30Z. The organization reported total revenue of $282K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Favre 4 Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Favre 4 Hope Inc is a small nonprofit that has been operating for 29 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $120K |
| Total Expenses | $173K |
| Surplus / Deficit | $-52,547 |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | -43.7% |
| Months of Reserves | 95.7 months |
Financial Health Grade: B
In 2021, Favre 4 Hope Inc reported a deficit of $53K with expenses exceeding revenue, holds 95.7 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2021), Favre 4 Hope Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -5.8% | +5.1% | -1.9% |
| 2020 | -57.3% | -7.3% | -2.5% |
| 2019 | +100.0% | -7.4% | +9.2% |
| 2018 | +9.3% | -24.6% | -10.6% |
| 2017 | -1.1% | +36.6% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Favre 4 Hope Inc 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 Favre 4 Hope Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $53K, with expenses exceeding revenue.
Frequently Asked Questions about Favre 4 Hope Inc
Is Favre 4 Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Favre 4 Hope Inc (EIN: 640870371) insufficient data. 0 red flags identified, 0 strengths noted.
How does Favre 4 Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Favre 4 Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Favre 4 Hope Inc tax-deductible?
Favre 4 Hope Inc is registered as a tax-exempt nonprofit (EIN: 640870371). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Favre 4 Hope Inc located?
Favre 4 Hope Inc is headquartered in Gulfport, Mississippi and files with the IRS under EIN 640870371. It is classified under NTEE code T30Z.
How many years of IRS 990 filings does Favre 4 Hope Inc have?
Favre 4 Hope Inc has 11 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 $282K in total revenue.
Filing History
IRS 990 filing history for Favre 4 Hope Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Favre 4 Hope Inc's revenue has declined by 26.3%, moving from $163K to $120K. Total assets decreased by 19.7% over the same period, from $1.7M to $1.4M. Total functional expenses rose by 13.1%, from $153K to $173K. In its most recent filing year (2021), Favre 4 Hope Inc reported a deficit of $53K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $120K | $173K | $1.4M | $0 | — | View 990 |
| 2020 | $128K | $164K | $1.4M | $0 | — | — |
| 2019 | $299K | $177K | $1.4M | $0 | — | View 990 |
| 2018 | $150K | $191K | $1.3M | $0 | — | View 990 |
| 2017 | $137K | $254K | $1.5M | $0 | — | View 990 |
| 2016 | $138K | $186K | $1.5M | $0 | — | View 990 |
| 2015 | $513K | $330K | $1.5M | $0 | — | View 990 |
| 2014 | $99K | $205K | $1.4M | $0 | — | View 990 |
| 2013 | $64K | $245K | $1.5M | $0 | — | View 990 |
| 2012 | $115K | $243K | $1.7M | $0 | — | View 990 |
| 2011 | $163K | $153K | $1.7M | $342 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $120K, expenses of $173K, and assets of $1.4M (revenue -5.8% year-over-year).
- 2020: Revenue of $128K, expenses of $164K, and assets of $1.4M (revenue -57.3% year-over-year).
- 2019: Revenue of $299K, expenses of $177K, and assets of $1.4M (revenue +100.0% year-over-year).
- 2018: Revenue of $150K, expenses of $191K, and assets of $1.3M (revenue +9.3% year-over-year).
- 2017: Revenue of $137K, expenses of $254K, and assets of $1.5M (revenue -1.1% year-over-year).
- 2016: Revenue of $138K, expenses of $186K, and assets of $1.5M (revenue -73.0% year-over-year).
- 2015: Revenue of $513K, expenses of $330K, and assets of $1.5M (revenue +418.1% year-over-year).
- 2014: Revenue of $99K, expenses of $205K, and assets of $1.4M (revenue +53.8% year-over-year).
- 2013: Revenue of $64K, expenses of $245K, and assets of $1.5M (revenue -44.0% year-over-year).
- 2012: Revenue of $115K, expenses of $243K, and assets of $1.7M (revenue -29.5% year-over-year).
- 2011: Revenue of $163K, expenses of $153K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Favre 4 Hope Inc:
Data Sources and Methodology
This transparency report for Favre 4 Hope Inc 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.