Gathering Hope House

Gathering Hope House shows consistent operations with no officer compensation, rebounding financially in 2024 after a deficit.

EIN: 200550847 · Lorain, OH · NTEE: F33 · Updated: 2026-03-28

$701KRevenue

$407KAssets

90/100Mission Score (Excellent)

F33

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.

AI Transparency Report

Gathering Hope House demonstrates a consistent operational history with 14 filings, indicating a stable presence in the community. The organization's revenue has fluctuated, with a notable increase to $491,018 in the 202406 period from $297,176 in 202306, suggesting a rebound in financial support. Assets have also shown growth, reaching $221,587 in 202406, which is a positive trend for long-term stability. The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries.

Spending efficiency appears to be reasonable, with expenses generally tracking revenue. For instance, in 202406, expenses were $420,933 against revenues of $491,018, leaving a surplus. However, there was a deficit in 202306 where expenses ($409,163) exceeded revenue ($297,176). The consistent reporting of no officer compensation enhances transparency, as it clearly shows that leadership is not drawing salaries from the organization's funds. This practice, combined with regular filings, suggests a commitment to accountability.

Overall, Gathering Hope House appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. While there have been periods of deficit spending, the recent financial performance in 202406 shows a healthy surplus and growing assets, indicating improved financial management and donor support. The consistent 0% officer compensation is a significant positive factor in assessing its financial health and ethical spending practices.

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.

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

Is Gathering Hope House a good charity?

Based on the available data, Gathering Hope House appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its assets have grown, and it has a long history of operations.

How has Gathering Hope House's financial health changed over time?

Gathering Hope House has shown fluctuations in revenue and expenses, experiencing a deficit in 202306 but a strong rebound in 202406 with a significant surplus ($491,018 revenue vs. $420,933 expenses) and growing assets ($221,587 in 202406).

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is highly transparent and efficient, as it consistently reports 0% officer compensation across all 14 filings, meaning no salaries are paid to its officers.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$491K	$421K	$222K	$3K	—	—
2023	$297K	$409K	$156K	$7K	—	—
2022	$492K	$450K	$267K	$7K	—	View 990
2021	$476K	$355K	$226K	$7K	—	View 990
2020	$505K	$494K	$108K	$9K	—	—
2019	$514K	$469K	$108K	$21K	—	View 990
2018	$517K	$515K	$66K	$24K	—	View 990
2017	$499K	$491K	$60K	$20K	—	View 990
2016	$521K	$488K	$52K	$20K	—	View 990
2015	$457K	$474K	$51K	$51K	—	View 990
2014	$579K	$588K	$65K	$48K	—	View 990
2013	$552K	$555K	$77K	$51K	—	View 990
2012	$574K	$564K	$60K	$31K	—	View 990
2011	$605K	$639K	$52K	$33K	—	View 990

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.

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.