Festival Of Hope
Festival Of Hope consistently reports 0% officer compensation but has operated at a deficit in recent years.
EIN: 200676853 · Scottsbluff, NE · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $363K |
| Total Expenses | $381K |
| Program Spending | 85% |
| Net Assets | $602K |
| Transparency Score | 85/100 |
Is Festival Of Hope Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Festival Of Hope directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Festival Of Hope
Festival Of Hope (EIN: 200676853) is a nonprofit organization based in Scottsbluff, NE, classified under NTEE code G30. The organization reported total revenue of $363K and total assets of $755K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Festival Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Festival Of Hope is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $381K |
| Surplus / Deficit | $-129,231 |
| Total Assets | $602K |
| Net Assets | $602K |
| Operating Margin | -51.4% |
| Months of Reserves | 19.0 months |
Financial Health Grade: B
In 2023, Festival Of Hope reported a deficit of $129K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Festival Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.4% | +0.9% | -22.1% |
| 2022 | -42.5% | +55.1% | -16.4% |
| 2021 | +34.4% | -17.0% | +19.1% |
| 2020 | -16.2% | -4.6% | +2.0% |
| 2019 | +9.5% | +28.7% | +9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Festival Of Hope 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, Festival Of Hope 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 deficit of $129K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer categories, which is highly favorable for donor perception and resource allocation.
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.
Red Flags
The following concerns were identified during AI analysis of Festival Of Hope's IRS 990 filings:
- Operating at a deficit in recent years (e.g., $129,231 deficit in 2023, $151,588 deficit in 2022)
- Significant decrease in assets from $924,130 in 2021 to $601,566 in 2023, potentially due to sustained deficits
Strengths
The following positive indicators were identified for Festival Of Hope:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Healthy asset base relative to annual revenue, providing financial stability (e.g., $601,566 assets vs. $251,479 revenue in 2023).
- No reported liabilities in most recent filings, indicating sound financial management.
- Long filing history (13 filings) demonstrates sustained operation and compliance.
Frequently Asked Questions about Festival Of Hope
Is Festival Of Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Festival Of Hope (EIN: 200676853) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Festival Of Hope spend its money?
Festival Of Hope directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Festival Of Hope tax-deductible?
Festival Of Hope is registered as a tax-exempt nonprofit (EIN: 200676853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Festival Of Hope's spending goes to programs?
Festival Of Hope directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Festival Of Hope compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Festival Of Hope is above average for NTEE category G30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Festival Of Hope located?
Festival Of Hope is headquartered in Scottsbluff, Nebraska and files with the IRS under EIN 200676853. It is classified under NTEE code G30.
How many years of IRS 990 filings does Festival Of Hope have?
Festival Of Hope 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 $363K in total revenue.
Is Festival Of Hope a good charity?
Based on the available data, Festival Of Hope appears to be a good charity. It demonstrates strong program focus, consistent transparency with 0% officer compensation, and maintains a healthy asset base. However, recent operating deficits should be monitored.
Why are expenses higher than revenue in recent years?
In 2023, expenses were $380,710 while revenue was $251,479, and in 2022, expenses were $377,320 against revenue of $225,732. This could be due to strategic spending, timing of grant receipts, or a temporary dip in donations. Further investigation into the specific expense categories would be needed to understand the cause.
How does Festival Of Hope manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's key officers are either volunteers or are compensated through other means not classified as officer compensation on the Form 990, which is a strong indicator of dedication to the mission and efficient use of funds.
Filing History
IRS 990 filing history for Festival Of Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Festival Of Hope's revenue has grown by 21.8%, moving from $206K to $251K. Total assets increased by 15.5% over the same period, from $521K to $602K. Total functional expenses rose by 99.9%, from $190K to $381K. In its most recent filing year (2023), Festival Of Hope reported a deficit of $129K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $381K | $602K | $0 | — | — |
| 2022 | $226K | $377K | $773K | $0 | — | View 990 |
| 2021 | $393K | $243K | $924K | $0 | — | View 990 |
| 2020 | $292K | $293K | $776K | $0 | — | View 990 |
| 2019 | $349K | $307K | $760K | $0 | — | View 990 |
| 2018 | $319K | $239K | $695K | $0 | — | View 990 |
| 2017 | $333K | $280K | $633K | $2K | — | View 990 |
| 2016 | $253K | $312K | $580K | $0 | — | View 990 |
| 2015 | $291K | $250K | $640K | $0 | — | View 990 |
| 2014 | $220K | $239K | $600K | $0 | — | View 990 |
| 2013 | $258K | $208K | $621K | $0 | — | View 990 |
| 2012 | $289K | $238K | $572K | $0 | — | View 990 |
| 2011 | $206K | $190K | $521K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $381K, and assets of $602K (revenue +11.4% year-over-year).
- 2022: Revenue of $226K, expenses of $377K, and assets of $773K (revenue -42.5% year-over-year).
- 2021: Revenue of $393K, expenses of $243K, and assets of $924K (revenue +34.4% year-over-year).
- 2020: Revenue of $292K, expenses of $293K, and assets of $776K (revenue -16.2% year-over-year).
- 2019: Revenue of $349K, expenses of $307K, and assets of $760K (revenue +9.5% year-over-year).
- 2018: Revenue of $319K, expenses of $239K, and assets of $695K (revenue -4.4% year-over-year).
- 2017: Revenue of $333K, expenses of $280K, and assets of $633K (revenue +31.6% year-over-year).
- 2016: Revenue of $253K, expenses of $312K, and assets of $580K (revenue -13.1% year-over-year).
- 2015: Revenue of $291K, expenses of $250K, and assets of $640K (revenue +32.3% year-over-year).
- 2014: Revenue of $220K, expenses of $239K, and assets of $600K (revenue -14.6% year-over-year).
- 2013: Revenue of $258K, expenses of $208K, and assets of $621K (revenue -10.8% year-over-year).
- 2012: Revenue of $289K, expenses of $238K, and assets of $572K (revenue +40.1% year-over-year).
- 2011: Revenue of $206K, expenses of $190K, and assets of $521K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Festival Of Hope:
Data Sources and Methodology
This transparency report for Festival Of 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.