Generating Hope Inc

Is Generating Hope Inc Legit?

Some Concerns

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

Generating Hope Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Generating Hope Inc

Generating Hope Inc (EIN: 203070634) is a nonprofit organization based in Wapato, WA, classified under NTEE code L40. The organization reported total revenue of $344K and total assets of $150K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Generating Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Generating Hope Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Generating Hope Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Generating Hope Inc. reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size and suggests a strong commitment to mission-focused spending.

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 Generating Hope Inc's IRS 990 filings:

• Expenses exceeded revenue in 2023 ($431,977 vs. $359,632), indicating a deficit.
• Assets decreased from $211,538 in 2022 to $141,262 in 2023, suggesting a decline in financial reserves.
• Expenses also exceeded revenue in 2021 ($520,752 vs. $444,410) and 2018 ($159,278 vs. $136,478), showing a recurring pattern of deficits.

Strengths

The following positive indicators were identified for Generating Hope Inc:

• Consistent 0% officer compensation across all filings, demonstrating strong commitment to mission.
• Significant growth in revenue and assets over the past decade, indicating successful fundraising and program expansion.
• Relatively low liabilities, peaking at $6,173 in 2023, suggesting responsible debt management.

Frequently Asked Questions about Generating Hope Inc

Filing History

IRS 990 filing history for Generating Hope Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Generating Hope Inc's revenue has grown by 382.3%, moving from $75K to $360K. Total assets increased by 3700.4% over the same period, from $4K to $141K. Total functional expenses rose by 362.8%, from $93K to $432K. In its most recent filing year (2023), Generating Hope Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $6K in liabilities against $141K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $135K.

Year-by-Year Financial Summary

• 2023: Revenue of $360K, expenses of $432K, and assets of $141K (revenue -22.8% year-over-year).
• 2022: Revenue of $466K, expenses of $423K, and assets of $212K (revenue +4.8% year-over-year).
• 2021: Revenue of $444K, expenses of $521K, and assets of $170K (revenue -28.8% year-over-year).
• 2020: Revenue of $624K, expenses of $451K, and assets of $239K (revenue +172.6% year-over-year).
• 2019: Revenue of $229K, expenses of $184K, and assets of $67K (revenue +67.8% year-over-year).
• 2018: Revenue of $136K, expenses of $159K, and assets of $22K (revenue +1.6% year-over-year).
• 2017: Revenue of $134K, expenses of $130K, and assets of $45K (revenue -3.0% year-over-year).
• 2016: Revenue of $139K, expenses of $121K, and assets of $40K (revenue +56.5% year-over-year).
• 2015: Revenue of $89K, expenses of $103K, and assets of $22K (revenue -10.4% year-over-year).
• 2014: Revenue of $99K, expenses of $110K, and assets of $37K (revenue -28.2% year-over-year).
• 2013: Revenue of $138K, expenses of $96K, and assets of $48K (revenue +164.7% year-over-year).
• 2012: Revenue of $52K, expenses of $49K, and assets of $5K (revenue -30.3% year-over-year).
• 2011: Revenue of $75K, expenses of $93K, and assets of $4K.

Data Sources and Methodology

This transparency report for Generating 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.