Hands Of Hope Ministries Inc

Hands Of Hope Ministries Inc faces recent financial deficits and declining assets despite zero executive compensation.

EIN: 10621770 · Welch, WV · NTEE: P28 · Updated: 2026-03-28

$109KRevenue

$88KAssets

75/100Mission Score (Good)

P28

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.

AI Transparency Report

Hands Of Hope Ministries Inc demonstrates a fluctuating financial history, with recent trends showing expenses exceeding revenue. In 2022, the organization reported expenses of $135,574 against revenues of $107,510, resulting in a deficit. This follows a surplus in 2021 where revenue was $232,980 and expenses were $188,120. The organization's assets have also seen a decline from $118,051 in 2021 to $88,335 in 2022, indicating a potential draw on reserves or a decrease in asset value. 

The organization consistently reports 0% officer compensation across all available filings, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its mission rather than executive salaries. However, without detailed expense breakdowns from the 990 filings, it's challenging to fully assess spending efficiency beyond the overall revenue-expense relationship. The consistent filing of 990s over many years suggests a commitment to regulatory transparency.

While the lack of executive compensation is positive, the recent financial deficits and declining assets warrant closer monitoring. A deeper dive into the program service accomplishments and detailed expense categories would be necessary to fully evaluate the impact and efficiency of their spending.

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.

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

Is Hands Of Hope Ministries Inc a good charity?

Hands Of Hope Ministries Inc exhibits strong commitment to its mission through volunteer leadership (0% officer compensation). However, recent financial deficits (e.g., $135,574 expenses vs. $107,510 revenue in 2022) and declining assets suggest potential financial instability that warrants careful consideration.

What is the trend in the organization's financial health?

The organization's financial health shows a fluctuating trend. While 2021 saw a surplus ($232,980 revenue vs. $188,120 expenses), 2022 experienced a deficit ($107,510 revenue vs. $135,574 expenses), and assets have decreased from $118,051 in 2021 to $88,335 in 2022.

How does the organization manage its liabilities?

Liabilities have varied significantly over the years, from $0 in 2013 to $44,200 in 2019, and were $6,807 in 2022. The organization appears to manage its liabilities, though the fluctuations suggest varying operational needs or debt management strategies.

What is the significance of 0% officer compensation?

0% officer compensation is a significant strength, indicating that no funds are used for executive salaries. This suggests a high dedication of resources directly to the organization's programs and mission, relying on volunteer leadership.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$108K	$136K	$88K	$7K	—	View 990
2021	$233K	$188K	$118K	$8K	—	View 990
2020	$123K	$153K	$109K	$43K	—	—
2019	$187K	$160K	$139K	$44K	—	View 990
2018	$138K	$139K	$72K	$5K	—	View 990
2016	$168K	$168K	$97K	$18K	—	View 990
2015	$143K	$316K	$103K	$23K	—	View 990
2014	$203K	$225K	$281K	$29K	—	View 990
2013	$216K	$242K	$275K	$0	—	View 990
2012	$288K	$280K	$311K	$10K	—	View 990
2011	$276K	$266K	$292K	$0	—	View 990

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.

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.