Hoodies House Of Hope For Youth
EIN: 371615768 · Charlotte, NC · NTEE: O30
| Metric | Value |
|---|---|
| Total Revenue | $345K |
| Total Expenses | $73K |
| Net Assets | $691 |
Is Hoodies House Of Hope For Youth Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hoodies House Of Hope For Youth
Hoodies House Of Hope For Youth (EIN: 371615768) is a nonprofit organization based in Charlotte, NC, classified under NTEE code O30. The organization reported total revenue of $345K and total assets of $104K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoodies House Of Hope For Youth's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoodies House Of Hope For Youth is a small nonprofit that has been operating for 13 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $41K |
| Total Expenses | $73K |
| Surplus / Deficit | $-32,606 |
| Total Assets | $691 |
| Net Assets | $691 |
| Operating Margin | -80.2% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Hoodies House Of Hope For Youth reported a deficit of $33K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2015–2023), Hoodies House Of Hope For Youth's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.0% | +23.3% | -98.2% |
| 2022 | -45.1% | +50.8% | -32.2% |
| 2021 | +43.5% | -8.9% | +110.4% |
| 2020 | -35.4% | -48.6% | -45.5% |
| 2019 | -12.1% | +8.7% | +33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hoodies House Of Hope For Youth 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 Hoodies House Of Hope For Youth 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 $33K, with expenses exceeding revenue.
Frequently Asked Questions about Hoodies House Of Hope For Youth
Is Hoodies House Of Hope For Youth a legitimate charity?
Hoodies House Of Hope For Youth (EIN: 371615768) is a registered tax-exempt nonprofit based in North Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $345K. No red flags identified. Financial health grade: C.
How does Hoodies House Of Hope For Youth spend its money?
Hoodies House Of Hope For Youth reported $345K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hoodies House Of Hope For Youth tax-deductible?
Hoodies House Of Hope For Youth is registered as a tax-exempt nonprofit (EIN: 371615768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hoodies House Of Hope For Youth located?
Hoodies House Of Hope For Youth is headquartered in Charlotte, North Carolina and files with the IRS under EIN 371615768. It is classified under NTEE code O30.
How many years of IRS 990 filings does Hoodies House Of Hope For Youth have?
Hoodies House Of Hope For Youth has 9 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 $345K in total revenue.
Filing History
IRS 990 filing history for Hoodies House Of Hope For Youth showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hoodies House Of Hope For Youth's revenue has declined by 36.1%, moving from $64K to $41K. Total assets decreased by 98% over the same period, from $35K to $691. Total functional expenses rose by 37.2%, from $53K to $73K. In its most recent filing year (2023), Hoodies House Of Hope For Youth reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $41K | $73K | $691 | $0 | — | — |
| 2022 | $39K | $59K | $38K | $3K | — | View 990 |
| 2021 | $71K | $39K | $56K | $576 | — | View 990 |
| 2020 | $49K | $43K | $27K | $2K | — | — |
| 2019 | $76K | $84K | $49K | $30K | — | View 990 |
| 2018 | $87K | $77K | $37K | $10K | — | View 990 |
| 2017 | $46K | $58K | $28K | $11K | — | View 990 |
| 2016 | $62K | $52K | $46K | $17K | — | View 990 |
| 2015 | $64K | $53K | $35K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $41K, expenses of $73K, and assets of $691 (revenue +5.0% year-over-year).
- 2022: Revenue of $39K, expenses of $59K, and assets of $38K (revenue -45.1% year-over-year).
- 2021: Revenue of $71K, expenses of $39K, and assets of $56K (revenue +43.5% year-over-year).
- 2020: Revenue of $49K, expenses of $43K, and assets of $27K (revenue -35.4% year-over-year).
- 2019: Revenue of $76K, expenses of $84K, and assets of $49K (revenue -12.1% year-over-year).
- 2018: Revenue of $87K, expenses of $77K, and assets of $37K (revenue +88.7% year-over-year).
- 2017: Revenue of $46K, expenses of $58K, and assets of $28K (revenue -26.1% year-over-year).
- 2016: Revenue of $62K, expenses of $52K, and assets of $46K (revenue -2.4% year-over-year).
- 2015: Revenue of $64K, expenses of $53K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoodies House Of Hope For Youth:
Data Sources and Methodology
This transparency report for Hoodies House Of Hope For Youth 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.