Hands Of Love Ministry
EIN: 371378281 · Washington, IL · NTEE: X20
Is Hands Of Love Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hands Of Love Ministry
Hands Of Love Ministry (EIN: 371378281) is a nonprofit organization based in Washington, IL, classified under NTEE code X20. The organization reported total revenue of $555K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hands Of Love Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hands Of Love Ministry is a small nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $671K |
| Total Expenses | $489K |
| Surplus / Deficit | +$182K |
| Total Assets | $96K |
| Net Assets | $96K |
| Operating Margin | 27.2% |
| Months of Reserves | 2.3 months |
Financial Health Grade: A
In 2023, Hands Of Love Ministry reported a surplus of $182K with revenue exceeding expenses, holds 2.3 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2010–2023), Hands Of Love Ministry's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.7% | -6.8% | +15.0% |
| 2022 | +40.2% | +36.8% | -19.8% |
| 2021 | +11.0% | +9.0% | +4.3% |
| 2020 | +27.6% | +16.4% | +73.4% |
| 2019 | -13.2% | -3.5% | +18.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hands Of Love Ministry 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 Hands Of Love Ministry 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 surplus of $182K, with revenue exceeding expenses.
Frequently Asked Questions about Hands Of Love Ministry
Is Hands Of Love Ministry a legitimate charity?
Based on AI analysis of IRS 990 filings, Hands Of Love Ministry (EIN: 371378281) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hands Of Love Ministry spend its money?
Detailed spending breakdown data is not yet available for Hands Of Love Ministry. Check back for updated IRS 990 analysis.
Are donations to Hands Of Love Ministry tax-deductible?
Hands Of Love Ministry is registered as a tax-exempt nonprofit (EIN: 371378281). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hands Of Love Ministry showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hands Of Love Ministry's revenue has grown by 269.9%, moving from $181K to $671K. Total assets increased by 116.6% over the same period, from $44K to $96K. Total functional expenses rose by 190.1%, from $168K to $489K. In its most recent filing year (2023), Hands Of Love Ministry reported a surplus of $182K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $671K | $489K | $96K | $0 | — | View 990 |
| 2022 | $570K | $525K | $83K | $132K | — | View 990 |
| 2021 | $407K | $383K | $104K | $133K | — | View 990 |
| 2020 | $366K | $352K | $99K | $135K | — | View 990 |
| 2019 | $287K | $302K | $57K | $135K | — | View 990 |
| 2018 | $331K | $313K | $48K | $135K | — | View 990 |
| 2017 | $267K | $311K | $76K | $135K | — | View 990 |
| 2016 | $356K | $333K | $101K | $137K | — | View 990 |
| 2015 | $356K | $274K | $32K | $110K | — | View 990 |
| 2014 | $312K | $320K | $13K | $148K | — | View 990 |
| 2013 | $207K | $264K | $52K | $65K | — | View 990 |
| 2012 | $185K | $173K | $43K | $0 | — | View 990 |
| 2011 | $179K | $191K | $32K | $0 | — | View 990 |
| 2010 | $181K | $168K | $44K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $671K, expenses of $489K, and assets of $96K (revenue +17.7% year-over-year).
- 2022: Revenue of $570K, expenses of $525K, and assets of $83K (revenue +40.2% year-over-year).
- 2021: Revenue of $407K, expenses of $383K, and assets of $104K (revenue +11.0% year-over-year).
- 2020: Revenue of $366K, expenses of $352K, and assets of $99K (revenue +27.6% year-over-year).
- 2019: Revenue of $287K, expenses of $302K, and assets of $57K (revenue -13.2% year-over-year).
- 2018: Revenue of $331K, expenses of $313K, and assets of $48K (revenue +23.7% year-over-year).
- 2017: Revenue of $267K, expenses of $311K, and assets of $76K (revenue -24.9% year-over-year).
- 2016: Revenue of $356K, expenses of $333K, and assets of $101K (revenue +0.1% year-over-year).
- 2015: Revenue of $356K, expenses of $274K, and assets of $32K (revenue +13.9% year-over-year).
- 2014: Revenue of $312K, expenses of $320K, and assets of $13K (revenue +51.0% year-over-year).
- 2013: Revenue of $207K, expenses of $264K, and assets of $52K (revenue +11.7% year-over-year).
- 2012: Revenue of $185K, expenses of $173K, and assets of $43K (revenue +3.5% year-over-year).
- 2011: Revenue of $179K, expenses of $191K, and assets of $32K (revenue -1.4% year-over-year).
- 2010: Revenue of $181K, expenses of $168K, and assets of $44K.
Data Sources and Methodology
This transparency report for Hands Of Love Ministry 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.