Historic Hope Foundation Inc
EIN: 560959945 · Windsor, NC · NTEE: A82I
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $209K |
| Net Assets | $986K |
Is Historic Hope Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Historic Hope Foundation Inc
Historic Hope Foundation Inc (EIN: 560959945) is a nonprofit organization based in Windsor, NC, classified under NTEE code A82I. The organization reported total revenue of $204K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Hope Foundation Inc is a small nonprofit that has been operating for 62 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $209K |
| Surplus / Deficit | $-85,634 |
| Total Assets | $1.1M |
| Total Liabilities | $149K |
| Net Assets | $986K |
| Operating Margin | -69.4% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 65.2 months |
Financial Health Grade: B
In 2023, Historic Hope Foundation Inc reported a deficit of $86K with expenses exceeding revenue, holds 65.2 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Historic Hope Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -65.1% | -28.5% | -7.4% |
| 2022 | +88.3% | +100.8% | +1.8% |
| 2021 | +90.7% | +35.1% | +0.7% |
| 2020 | -25.3% | -41.2% | +4.0% |
| 2019 | +13.6% | +18.9% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1964 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Historic Hope Foundation Inc 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 Historic Hope Foundation Inc 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 deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.1%.
Frequently Asked Questions about Historic Hope Foundation Inc
Is Historic Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Historic Hope Foundation Inc (EIN: 560959945) insufficient data. 0 red flags identified, 0 strengths noted.
How does Historic Hope Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Historic Hope Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Historic Hope Foundation Inc tax-deductible?
Historic Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 560959945). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Historic Hope Foundation Inc located?
Historic Hope Foundation Inc is headquartered in Windsor, North Carolina and files with the IRS under EIN 560959945. It is classified under NTEE code A82I.
How many years of IRS 990 filings does Historic Hope Foundation Inc have?
Historic Hope Foundation Inc has 12 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 $204K in total revenue.
Filing History
IRS 990 filing history for Historic Hope Foundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Historic Hope Foundation Inc's revenue has declined by 11.8%, moving from $140K to $123K. Total assets decreased by 11.1% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 18.6%, from $176K to $209K. In its most recent filing year (2023), Historic Hope Foundation Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $149K in liabilities against $1.1M in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $986K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $209K | $1.1M | $149K | — | — |
| 2022 | $353K | $292K | $1.2M | $134K | — | View 990 |
| 2021 | $188K | $146K | $1.2M | $128K | — | View 990 |
| 2020 | $98K | $108K | $1.2M | $133K | — | View 990 |
| 2019 | $132K | $183K | $1.2M | $124K | — | View 990 |
| 2018 | $116K | $154K | $1.2M | $172K | — | View 990 |
| 2017 | $179K | $155K | $1.3M | $171K | — | View 990 |
| 2015 | $152K | $182K | $1.3M | $195K | — | View 990 |
| 2014 | $119K | $139K | $1.3M | $202K | — | View 990 |
| 2013 | $151K | $144K | $1.3M | $186K | — | View 990 |
| 2012 | $114K | $237K | $1.3M | $220K | — | View 990 |
| 2011 | $140K | $176K | $1.3M | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $209K, and assets of $1.1M (revenue -65.1% year-over-year).
- 2022: Revenue of $353K, expenses of $292K, and assets of $1.2M (revenue +88.3% year-over-year).
- 2021: Revenue of $188K, expenses of $146K, and assets of $1.2M (revenue +90.7% year-over-year).
- 2020: Revenue of $98K, expenses of $108K, and assets of $1.2M (revenue -25.3% year-over-year).
- 2019: Revenue of $132K, expenses of $183K, and assets of $1.2M (revenue +13.6% year-over-year).
- 2018: Revenue of $116K, expenses of $154K, and assets of $1.2M (revenue -35.3% year-over-year).
- 2017: Revenue of $179K, expenses of $155K, and assets of $1.3M (revenue +17.7% year-over-year).
- 2015: Revenue of $152K, expenses of $182K, and assets of $1.3M (revenue +28.4% year-over-year).
- 2014: Revenue of $119K, expenses of $139K, and assets of $1.3M (revenue -21.3% year-over-year).
- 2013: Revenue of $151K, expenses of $144K, and assets of $1.3M (revenue +32.6% year-over-year).
- 2012: Revenue of $114K, expenses of $237K, and assets of $1.3M (revenue -18.7% year-over-year).
- 2011: Revenue of $140K, expenses of $176K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Historic Hope Foundation 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.