Hands Of Hope Ministries Inc

Search Intent Cockpit

Hands Of Hope Ministries Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hands Of Hope Ministries Inc 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 Hands Of Hope Ministries Inc in one place.

Is Hands Of Hope Ministries Inc 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, Hands Of Hope Ministries Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Browse the full Human Services peer market in West Virginia →

Next Best Actions

Keep the Investigation Moving

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

About Hands Of Hope Ministries Inc

Hands Of Hope Ministries Inc (EIN: 10621770) is a nonprofit organization based in Welch, WV, classified under NTEE code P28. The organization reported total revenue of $109K and total assets of $88K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hands Of Hope Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Hands Of Hope Ministries Inc is a small nonprofit that has been operating for 24 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -8.2%.

Key Financial Metrics (2022)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2022, Hands Of Hope Ministries Inc reported a deficit of $28K with expenses exceeding revenue, holds 7.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).

Financial Trends

Over 11 years of filings (2011–2022), Hands Of Hope Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.

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 Hands Of Hope Ministries 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, Hands Of Hope Ministries 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.

Key Financial Metrics (2022)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $28K, with expenses exceeding revenue.
• Debt-to-asset ratio: 7.7%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with revenues ranging from approximately $100,000 to $280,000.

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 Hands Of Hope Ministries Inc's IRS 990 filings:

• Consistent recent operating deficits (e.g., 2022 expenses exceeded revenue by $28,064)
• Declining asset base from $118,051 in 2021 to $88,335 in 2022
• Fluctuating revenue and expense figures year-over-year, indicating potential instability

Strengths

The following positive indicators were identified for Hands Of Hope Ministries Inc:

• Consistent 0% officer compensation across all filings, indicating volunteer leadership
• Long history of IRS 990 filings (11 filings), demonstrating transparency and compliance
• Strong program focus implied by the lack of executive compensation

Frequently Asked Questions about Hands Of Hope Ministries Inc

Filing History

IRS 990 filing history for Hands Of Hope Ministries Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2022), Hands Of Hope Ministries Inc's revenue has declined by 61.1%, moving from $276K to $108K. Total assets decreased by 69.7% over the same period, from $292K to $88K. Total functional expenses fell by 48.9%, from $266K to $136K. In its most recent filing year (2022), Hands Of Hope Ministries Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $7K in liabilities against $88K in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $82K.

Year-by-Year Financial Summary

• 2022: Revenue of $108K, expenses of $136K, and assets of $88K (revenue -53.9% year-over-year).
• 2021: Revenue of $233K, expenses of $188K, and assets of $118K (revenue +89.1% year-over-year).
• 2020: Revenue of $123K, expenses of $153K, and assets of $109K (revenue -34.2% year-over-year).
• 2019: Revenue of $187K, expenses of $160K, and assets of $139K (revenue +35.9% year-over-year).
• 2018: Revenue of $138K, expenses of $139K, and assets of $72K (revenue -17.8% year-over-year).
• 2016: Revenue of $168K, expenses of $168K, and assets of $97K (revenue +16.9% year-over-year).
• 2015: Revenue of $143K, expenses of $316K, and assets of $103K (revenue -29.3% year-over-year).
• 2014: Revenue of $203K, expenses of $225K, and assets of $281K (revenue -6.3% year-over-year).
• 2013: Revenue of $216K, expenses of $242K, and assets of $275K (revenue -25.0% year-over-year).
• 2012: Revenue of $288K, expenses of $280K, and assets of $311K (revenue +4.4% year-over-year).
• 2011: Revenue of $276K, expenses of $266K, and assets of $292K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hands Of Hope Ministries Inc:

Data Sources and Methodology

This transparency report for Hands Of Hope Ministries 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.