Haven Of Hope Ministry
EIN: 263754302 · Lake Odessa, MI · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $285K |
| Net Assets | $1.1M |
Is Haven Of Hope Ministry Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Haven Of Hope Ministry
Haven Of Hope Ministry (EIN: 263754302) is a nonprofit organization based in Lake Odessa, MI, classified under NTEE code X20. The organization reported total revenue of $583K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haven Of Hope Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Haven Of Hope Ministry is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $502K |
| Total Expenses | $285K |
| Surplus / Deficit | +$218K |
| Total Assets | $1.1M |
| Total Liabilities | $4K |
| Net Assets | $1.1M |
| Operating Margin | 43.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 48.4 months |
Financial Health Grade: A
In 2023, Haven Of Hope Ministry reported a surplus of $218K with revenue exceeding expenses, holds 48.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Haven Of Hope Ministry's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.7% | +10.1% | +23.1% |
| 2022 | +9.1% | +19.9% | +48.4% |
| 2021 | +231.1% | +75.1% | -4.5% |
| 2020 | -8.9% | -13.4% | +8.7% |
| 2019 | -11.3% | +0.5% | +180.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Haven Of Hope 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 Haven Of Hope 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 $218K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Haven Of Hope Ministry
Is Haven Of Hope Ministry a legitimate charity?
Haven Of Hope Ministry (EIN: 263754302) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $583K. No red flags identified. Financial health grade: A.
How does Haven Of Hope Ministry spend its money?
Haven Of Hope Ministry reported $583K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Haven Of Hope Ministry tax-deductible?
Haven Of Hope Ministry is registered as a tax-exempt nonprofit (EIN: 263754302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Haven Of Hope Ministry located?
Haven Of Hope Ministry is headquartered in Lake Odessa, Michigan and files with the IRS under EIN 263754302. It is classified under NTEE code X20.
How many years of IRS 990 filings does Haven Of Hope Ministry have?
Haven Of Hope Ministry 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 $583K in total revenue.
Filing History
IRS 990 filing history for Haven Of Hope Ministry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haven Of Hope Ministry's revenue has grown by 813.6%, moving from $55K to $502K. Total assets increased by 3495.5% over the same period, from $32K to $1.1M. Total functional expenses rose by 678%, from $37K to $285K. In its most recent filing year (2023), Haven Of Hope Ministry reported a surplus of $218K, with revenue exceeding expenses. The organization holds $4K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $502K | $285K | $1.1M | $4K | — | View 990 |
| 2022 | $575K | $258K | $932K | $6K | — | View 990 |
| 2021 | $527K | $215K | $628K | $19K | — | View 990 |
| 2020 | $159K | $123K | $658K | $378K | — | — |
| 2019 | $175K | $142K | $605K | $361K | — | View 990 |
| 2018 | $197K | $141K | $216K | $5K | — | View 990 |
| 2017 | $189K | $55K | $197K | $4K | — | View 990 |
| 2016 | $98K | $93K | $62K | $2K | — | View 990 |
| 2015 | $96K | $66K | $57K | $1K | — | View 990 |
| 2014 | $71K | $63K | $27K | $807 | — | View 990 |
| 2013 | $50K | $58K | $19K | $965 | — | View 990 |
| 2012 | $59K | $62K | $27K | $1K | — | View 990 |
| 2011 | $55K | $37K | $32K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $502K, expenses of $285K, and assets of $1.1M (revenue -12.7% year-over-year).
- 2022: Revenue of $575K, expenses of $258K, and assets of $932K (revenue +9.1% year-over-year).
- 2021: Revenue of $527K, expenses of $215K, and assets of $628K (revenue +231.1% year-over-year).
- 2020: Revenue of $159K, expenses of $123K, and assets of $658K (revenue -8.9% year-over-year).
- 2019: Revenue of $175K, expenses of $142K, and assets of $605K (revenue -11.3% year-over-year).
- 2018: Revenue of $197K, expenses of $141K, and assets of $216K (revenue +4.6% year-over-year).
- 2017: Revenue of $189K, expenses of $55K, and assets of $197K (revenue +93.1% year-over-year).
- 2016: Revenue of $98K, expenses of $93K, and assets of $62K (revenue +1.6% year-over-year).
- 2015: Revenue of $96K, expenses of $66K, and assets of $57K (revenue +35.1% year-over-year).
- 2014: Revenue of $71K, expenses of $63K, and assets of $27K (revenue +41.7% year-over-year).
- 2013: Revenue of $50K, expenses of $58K, and assets of $19K (revenue -15.2% year-over-year).
- 2012: Revenue of $59K, expenses of $62K, and assets of $27K (revenue +7.8% year-over-year).
- 2011: Revenue of $55K, expenses of $37K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Haven Of Hope Ministry:
Data Sources and Methodology
This transparency report for Haven Of Hope 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.