Gathering Hope House

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Gathering Hope House Form 990, Revenue, CEO Pay, and IRS Filing Signals

Gathering Hope House is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Gathering Hope House in one place.

Is Gathering Hope House Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Gathering Hope House shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Gathering Hope House directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Gathering Hope House

Gathering Hope House (EIN: 200550847) is a nonprofit organization based in Lorain, OH, classified under NTEE code F33. The organization reported total revenue of $701K and total assets of $407K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gathering Hope House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Gathering Hope House is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.6%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Gathering Hope House reported a surplus of $70K with revenue exceeding expenses, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).

Financial Trends

Over 14 years of filings (2011–2024), Gathering Hope House's revenue has declined at a compound annual growth rate (CAGR) of -1.6%.

IRS Tax-Exempt Classification

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 Gathering Hope House with a Mission Score of 90 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, Gathering Hope House 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 (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $70K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.3%.

Executive Compensation Analysis

Gathering Hope House consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size with latest revenue of $700,993.

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 Gathering Hope House's IRS 990 filings:

• Occasional deficit spending, such as in 202306 where expenses ($409,163) exceeded revenue ($297,176).

Strengths

The following positive indicators were identified for Gathering Hope House:

• Consistent 0% officer compensation across all 14 filings, demonstrating strong financial ethics and mission focus.
• Long operational history with 14 IRS 990 filings, indicating stability and experience.
• Positive financial rebound in 202406 with a significant surplus ($491,018 revenue vs. $420,933 expenses).
• Growing assets, reaching $221,587 in 202406, contributing to long-term stability.

Frequently Asked Questions about Gathering Hope House

Filing History

IRS 990 filing history for Gathering Hope House showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Gathering Hope House's revenue has declined by 18.8%, moving from $605K to $491K. Total assets increased by 322.3% over the same period, from $52K to $222K. Total functional expenses fell by 34.1%, from $639K to $421K. In its most recent filing year (2024), Gathering Hope House reported a surplus of $70K, with revenue exceeding expenses. The organization holds $3K in liabilities against $222K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $219K.

Year-by-Year Financial Summary

• 2024: Revenue of $491K, expenses of $421K, and assets of $222K (revenue +65.2% year-over-year).
• 2023: Revenue of $297K, expenses of $409K, and assets of $156K (revenue -39.5% year-over-year).
• 2022: Revenue of $492K, expenses of $450K, and assets of $267K (revenue +3.2% year-over-year).
• 2021: Revenue of $476K, expenses of $355K, and assets of $226K (revenue -5.8% year-over-year).
• 2020: Revenue of $505K, expenses of $494K, and assets of $108K (revenue -1.8% year-over-year).
• 2019: Revenue of $514K, expenses of $469K, and assets of $108K (revenue -0.4% year-over-year).
• 2018: Revenue of $517K, expenses of $515K, and assets of $66K (revenue +3.6% year-over-year).
• 2017: Revenue of $499K, expenses of $491K, and assets of $60K (revenue -4.2% year-over-year).
• 2016: Revenue of $521K, expenses of $488K, and assets of $52K (revenue +14.0% year-over-year).
• 2015: Revenue of $457K, expenses of $474K, and assets of $51K (revenue -21.1% year-over-year).
• 2014: Revenue of $579K, expenses of $588K, and assets of $65K (revenue +4.8% year-over-year).
• 2013: Revenue of $552K, expenses of $555K, and assets of $77K (revenue -3.9% year-over-year).
• 2012: Revenue of $574K, expenses of $564K, and assets of $60K (revenue -5.0% year-over-year).
• 2011: Revenue of $605K, expenses of $639K, and assets of $52K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Gathering Hope House:

Data Sources and Methodology

This transparency report for Gathering Hope House 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.