Hope 365
EIN: 832886827 · Madison Hts, MI · NTEE: H11
About Hope 365
Hope 365 (EIN: 832886827) is a nonprofit organization based in Madison Hts, MI, classified under NTEE code H11. The organization reported total revenue of $171K and total assets of $135K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope 365's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Hope 365 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 Hope 365 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.
Filing History
IRS 990 filing history for Hope 365 showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Hope 365's revenue has grown by 14063%, moving from $1K to $171K. Total assets increased by 24507.1% over the same period, from $550 to $135K. Total functional expenses rose by 68502.3%, from $665 to $456K. In its most recent filing year (2023), Hope 365 reported a deficit of $285K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $171K | $456K | $135K | $0 | — | — |
| 2022 | $589K | $381K | $420K | $0 | — | View 990 |
| 2021 | $278K | $73K | $206K | $7K | — | View 990 |
| 2020 | $400 | $0 | $1 | $0 | — | View 990 |
| 2019 | $1K | $665 | $550 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $171K, expenses of $456K, and assets of $135K (revenue -70.9% year-over-year).
- 2022: Revenue of $589K, expenses of $381K, and assets of $420K (revenue +111.6% year-over-year).
- 2021: Revenue of $278K, expenses of $73K, and assets of $206K (revenue +69523.3% year-over-year).
- 2020: Revenue of $400, expenses of $0, and assets of $1 (revenue -66.9% year-over-year).
- 2019: Revenue of $1K, expenses of $665, and assets of $550.
Data Sources and Methodology
This transparency report for Hope 365 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.