Heavens Hope Foundation
Heavens Hope Foundation reports minimal revenue for two consecutive years despite significant expenses.
EIN: 200512697 · Boulder, CO · NTEE: T23 · Updated: 2026-03-28
Is Heavens Hope Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heavens Hope Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Heavens Hope Foundation
Heavens Hope Foundation (EIN: 200512697) is a nonprofit organization based in Boulder, CO, classified under NTEE code T23. The organization reported total revenue of $175K and total assets of $320K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heavens Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heavens Hope Foundation is a small nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -47.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $113K |
| Surplus / Deficit | $-112,746 |
| Total Assets | $267K |
| Total Liabilities | $1 |
| Net Assets | $267K |
| Operating Margin | -11274600.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 28.4 months |
Financial Health Grade: B
In 2023, Heavens Hope Foundation reported a deficit of $113K with expenses exceeding revenue, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Heavens Hope Foundation's revenue has declined at a compound annual growth rate (CAGR) of -47.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +16.4% | -29.7% |
| 2022 | -100.0% | +2.3% | -20.3% |
| 2021 | -75.0% | -23.4% | +1.1% |
| 2020 | +300.0% | +48.2% | +141.8% |
| 2019 | -75.0% | -5.7% | -67.4% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heavens Hope Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Heavens Hope Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership does not receive direct salary from the nonprofit, which is a positive for resource allocation.
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 Heavens Hope Foundation's IRS 990 filings:
- Reporting $1 in revenue for two consecutive years (202212, 202312) while incurring substantial expenses.
- Significant decline in assets from $597,120 in 201512 to $267,137 in 202312, indicating a draw on reserves.
- Lack of transparency regarding funding sources for operations in recent years.
- Unusual consistency of $1 reported in liabilities across multiple filings.
Strengths
The following positive indicators were identified for Heavens Hope Foundation:
- No officer compensation reported across all filings, indicating volunteer leadership or external funding for executive roles.
- History of receiving substantial revenue in prior years (e.g., $400,000 in 202012 and 201512).
Frequently Asked Questions about Heavens Hope Foundation
Is Heavens Hope Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heavens Hope Foundation (EIN: 200512697) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Heavens Hope Foundation spend its money?
Heavens Hope Foundation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heavens Hope Foundation tax-deductible?
Heavens Hope Foundation is registered as a tax-exempt nonprofit (EIN: 200512697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is Heavens Hope Foundation funding its operations when reporting only $1 in revenue for two consecutive years (202212, 202312) while incurring over $100,000 in expenses annually?
The filings do not provide a clear explanation for this discrepancy, suggesting a reliance on prior year reserves or other unstated funding sources, which impacts financial transparency.
What is the nature of the $1 reported in revenue for 202212 and 202312?
The filings do not specify the source or nature of this minimal revenue, making it difficult to understand the organization's current financial activities.
Why have the organization's assets declined from $597,120 in 201512 to $267,137 in 202312?
The decline in assets suggests that the organization has been drawing down its reserves, likely to cover operational expenses, especially given the recent low revenue figures.
Is the consistent reporting of $1 in liabilities across multiple recent filings accurate, given the organization's expenses?
The consistent reporting of minimal liabilities is unusual for an organization with significant expenses and warrants further scrutiny into the completeness of its financial statements.
Filing History
IRS 990 filing history for Heavens Hope Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Heavens Hope Foundation's revenue has declined by 100%, moving from $2K to $1. Total assets decreased by 50.4% over the same period, from $538K to $267K. Total functional expenses rose by 36.2%, from $83K to $113K. In its most recent filing year (2023), Heavens Hope Foundation reported a deficit of $113K, with expenses exceeding revenue. The organization holds $1 in liabilities against $267K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $267K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $113K | $267K | $1 | — | — |
| 2022 | $1 | $97K | $380K | $1 | — | View 990 |
| 2021 | $100K | $95K | $477K | $1 | — | View 990 |
| 2020 | $400K | $124K | $471K | $1 | — | View 990 |
| 2019 | $100K | $83K | $195K | $1 | — | View 990 |
| 2015 | $400K | $88K | $597K | $2K | — | View 990 |
| 2014 | $0 | $75K | $284K | $0 | — | View 990 |
| 2013 | $0 | $89K | $371K | $12K | — | View 990 |
| 2012 | $-2,942 | $82K | $453K | $5K | — | View 990 |
| 2011 | $2K | $83K | $538K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $113K, and assets of $267K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $97K, and assets of $380K (revenue -100.0% year-over-year).
- 2021: Revenue of $100K, expenses of $95K, and assets of $477K (revenue -75.0% year-over-year).
- 2020: Revenue of $400K, expenses of $124K, and assets of $471K (revenue +300.0% year-over-year).
- 2019: Revenue of $100K, expenses of $83K, and assets of $195K (revenue -75.0% year-over-year).
- 2015: Revenue of $400K, expenses of $88K, and assets of $597K.
- 2014: Revenue of $0, expenses of $75K, and assets of $284K.
- 2013: Revenue of $0, expenses of $89K, and assets of $371K.
- 2012: Revenue of $-2,942, expenses of $82K, and assets of $453K (revenue -224.5% year-over-year).
- 2011: Revenue of $2K, expenses of $83K, and assets of $538K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heavens Hope Foundation:
Data Sources and Methodology
This transparency report for Heavens 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.