Greater Hope Foundation
EIN: 542165419 · Brookhaven, MS · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $17K |
| Total Expenses | $24K |
| Net Assets | $36K |
Is Greater Hope Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Hope Foundation
Greater Hope Foundation (EIN: 542165419) is a nonprofit organization based in Brookhaven, MS, classified under NTEE code K30. The organization reported total revenue of $17K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Hope Foundation is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14K |
| Total Expenses | $24K |
| Surplus / Deficit | $-9,877 |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | -72.3% |
| Months of Reserves | 18.3 months |
Financial Health Grade: B
In 2023, Greater Hope Foundation reported a deficit of $10K with expenses exceeding revenue, holds 18.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Greater Hope Foundation's revenue has declined at a compound annual growth rate (CAGR) of -10.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.4% | +6.4% | -21.6% |
| 2022 | -20.1% | -20.3% | +1.8% |
| 2021 | -14.5% | +12.1% | +2.1% |
| 2020 | +10.5% | -4.1% | +24.9% |
| 2019 | +25.7% | +12.8% | +14.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Hope Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Hope Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10K, with expenses exceeding revenue.
Frequently Asked Questions about Greater Hope Foundation
Is Greater Hope Foundation a legitimate charity?
Greater Hope Foundation (EIN: 542165419) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $17K. No red flags identified. Financial health grade: B.
How does Greater Hope Foundation spend its money?
Greater Hope Foundation reported $17K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Hope Foundation tax-deductible?
Greater Hope Foundation is registered as a tax-exempt nonprofit (EIN: 542165419). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Hope Foundation located?
Greater Hope Foundation is headquartered in Brookhaven, Mississippi and files with the IRS under EIN 542165419. It is classified under NTEE code K30.
How many years of IRS 990 filings does Greater Hope Foundation have?
Greater Hope Foundation 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 $17K in total revenue.
Filing History
IRS 990 filing history for Greater Hope Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Hope Foundation's revenue has declined by 73.4%, moving from $51K to $14K. Total assets increased by 62.5% over the same period, from $22K to $36K. Total functional expenses fell by 52.8%, from $50K to $24K. In its most recent filing year (2023), Greater Hope Foundation reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14K | $24K | $36K | $0 | — | View 990 |
| 2022 | $23K | $22K | $46K | $0 | — | View 990 |
| 2021 | $29K | $28K | $45K | $0 | — | — |
| 2020 | $34K | $25K | $44K | $0 | — | — |
| 2019 | $30K | $26K | $35K | $0 | — | View 990 |
| 2018 | $24K | $23K | $31K | $0 | — | View 990 |
| 2017 | $24K | $17K | $29K | $0 | — | View 990 |
| 2016 | $30K | $20K | $22K | $0 | — | View 990 |
| 2015 | $17K | $22K | $12K | $0 | — | View 990 |
| 2014 | $10K | $9K | $17K | $0 | — | View 990 |
| 2013 | $13K | $13K | $16K | $0 | — | View 990 |
| 2012 | $12K | $17K | $17K | $0 | — | View 990 |
| 2011 | $51K | $50K | $22K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14K, expenses of $24K, and assets of $36K (revenue -40.4% year-over-year).
- 2022: Revenue of $23K, expenses of $22K, and assets of $46K (revenue -20.1% year-over-year).
- 2021: Revenue of $29K, expenses of $28K, and assets of $45K (revenue -14.5% year-over-year).
- 2020: Revenue of $34K, expenses of $25K, and assets of $44K (revenue +10.5% year-over-year).
- 2019: Revenue of $30K, expenses of $26K, and assets of $35K (revenue +25.7% year-over-year).
- 2018: Revenue of $24K, expenses of $23K, and assets of $31K (revenue +0.2% year-over-year).
- 2017: Revenue of $24K, expenses of $17K, and assets of $29K (revenue -19.3% year-over-year).
- 2016: Revenue of $30K, expenses of $20K, and assets of $22K (revenue +73.7% year-over-year).
- 2015: Revenue of $17K, expenses of $22K, and assets of $12K (revenue +78.1% year-over-year).
- 2014: Revenue of $10K, expenses of $9K, and assets of $17K (revenue -23.5% year-over-year).
- 2013: Revenue of $13K, expenses of $13K, and assets of $16K (revenue +5.9% year-over-year).
- 2012: Revenue of $12K, expenses of $17K, and assets of $17K (revenue -76.8% year-over-year).
- 2011: Revenue of $51K, expenses of $50K, and assets of $22K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Hope Foundation:
Data Sources and Methodology
This transparency report for Greater Hope Foundation 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.