Gems Of Hope Inc
Gems Of Hope Inc maintains stable finances with consistent revenue and asset growth, reporting no officer compensation.
EIN: 203155610 · Cedar Rapids, IA · NTEE: G30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $163K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $158,904 |
| Net Assets | $407K |
| Transparency Score | 92/100 |
Is Gems Of Hope Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gems Of Hope Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gems Of Hope Inc
Gems Of Hope Inc (EIN: 203155610) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code G30. The organization reported total revenue of $159K and total assets of $385K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gems Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gems Of Hope Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2010–2021). Revenue has grown at a compound annual rate of 14.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $150K |
| Total Expenses | $163K |
| Surplus / Deficit | $-13,098 |
| Total Assets | $409K |
| Total Liabilities | $2K |
| Net Assets | $407K |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 30.0 months |
Financial Health Grade: B
In 2021, Gems Of Hope Inc reported a deficit of $13K with expenses exceeding revenue, holds 30.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 12 years of filings (2010–2021), Gems Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -4.3% | +52.1% | +1.3% |
| 2020 | +7.0% | -14.5% | +17.7% |
| 2019 | -2.5% | -9.7% | +14.8% |
| 2018 | +8.7% | +3.4% | -1.2% |
| 2017 | +10.7% | +3.5% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Gems Of Hope Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Gems Of Hope Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through non-officer roles, which is highly commendable for an organization of its size ($158,904 latest revenue).
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.
Strengths
The following positive indicators were identified for Gems Of Hope Inc:
- Consistent asset growth and strong financial reserves (Assets $384,862 vs. Liabilities $2,128 in 2021).
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Stable revenue stream over the past several years, demonstrating consistent donor support.
- Very low liabilities, indicating sound financial management and minimal debt.
- Consistent IRS 990 filing history, reflecting good transparency and compliance.
Frequently Asked Questions about Gems Of Hope Inc
Is Gems Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gems Of Hope Inc (EIN: 203155610) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Gems Of Hope Inc spend its money?
Gems Of Hope Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gems Of Hope Inc tax-deductible?
Gems Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 203155610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Gems Of Hope Inc CEO make?
Gems Of Hope Inc's highest-compensated officer earns $158,904 annually. The organization reported $159K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Gems Of Hope Inc's spending goes to programs?
Gems Of Hope Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gems Of Hope Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Gems Of Hope Inc 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 Gems Of Hope Inc located?
Gems Of Hope Inc is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 203155610. It is classified under NTEE code G30.
How many years of IRS 990 filings does Gems Of Hope Inc have?
Gems Of Hope Inc has 12 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 $159K in total revenue.
Is Gems Of Hope Inc a good charity?
Based on the provided financial data, Gems Of Hope Inc appears to be a very good charity. It demonstrates strong financial health with growing assets and minimal liabilities, consistent revenue, and a notable commitment to directing resources to its mission by reporting 0% officer compensation.
How has Gems Of Hope Inc's financial health changed over time?
Gems Of Hope Inc has shown consistent financial growth and stability. Its assets have nearly doubled from $237,305 in 2012 to $408,715 in 2021, while liabilities have remained very low. Revenue has also steadily increased from $41,585 in 2012 to over $150,000 in recent years.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a strong commitment to minimizing administrative overhead and maximizing resources for its programs. This is a significant positive indicator of financial efficiency.
Filing History
IRS 990 filing history for Gems Of Hope Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2021), Gems Of Hope Inc's revenue has grown by 350.1%, moving from $33K to $150K. Total assets increased by 142.2% over the same period, from $169K to $409K. Total functional expenses rose by 922.1%, from $16K to $163K. In its most recent filing year (2021), Gems Of Hope Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $2K in liabilities against $409K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $407K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $150K | $163K | $409K | $2K | — | View 990 |
| 2020 | $157K | $107K | $403K | $3K | — | — |
| 2019 | $147K | $126K | $343K | $8K | — | View 990 |
| 2018 | $151K | $139K | $299K | $4K | — | View 990 |
| 2017 | $138K | $135K | $302K | $5K | — | View 990 |
| 2016 | $125K | $130K | $281K | $2K | — | View 990 |
| 2015 | $131K | $124K | $280K | $2K | — | View 990 |
| 2014 | $107K | $67K | $282K | $902 | — | View 990 |
| 2013 | $42K | $35K | $245K | $534 | — | View 990 |
| 2012 | $42K | $20K | $237K | $0 | — | View 990 |
| 2011 | $72K | $26K | $215K | $0 | — | View 990 |
| 2010 | $33K | $16K | $169K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $150K, expenses of $163K, and assets of $409K (revenue -4.3% year-over-year).
- 2020: Revenue of $157K, expenses of $107K, and assets of $403K (revenue +7.0% year-over-year).
- 2019: Revenue of $147K, expenses of $126K, and assets of $343K (revenue -2.5% year-over-year).
- 2018: Revenue of $151K, expenses of $139K, and assets of $299K (revenue +8.7% year-over-year).
- 2017: Revenue of $138K, expenses of $135K, and assets of $302K (revenue +10.7% year-over-year).
- 2016: Revenue of $125K, expenses of $130K, and assets of $281K (revenue -4.4% year-over-year).
- 2015: Revenue of $131K, expenses of $124K, and assets of $280K (revenue +21.8% year-over-year).
- 2014: Revenue of $107K, expenses of $67K, and assets of $282K (revenue +156.0% year-over-year).
- 2013: Revenue of $42K, expenses of $35K, and assets of $245K (revenue +0.9% year-over-year).
- 2012: Revenue of $42K, expenses of $20K, and assets of $237K (revenue -42.6% year-over-year).
- 2011: Revenue of $72K, expenses of $26K, and assets of $215K (revenue +116.9% year-over-year).
- 2010: Revenue of $33K, expenses of $16K, and assets of $169K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gems Of Hope Inc:
Data Sources and Methodology
This transparency report for Gems Of 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.