Hope And Harbor
EIN: 872649943 · Red Wing, MN · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $396K |
| Total Expenses | $88K |
| Net Assets | $15K |
Is Hope And Harbor Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope And Harbor
Hope And Harbor (EIN: 872649943) is a nonprofit organization based in Red Wing, MN, classified under NTEE code P85. The organization reported total revenue of $396K and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope And Harbor's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope And Harbor is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2023–2024). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $88K |
| Surplus / Deficit | +$6K |
| Total Assets | $16K |
| Total Liabilities | $258 |
| Net Assets | $15K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 2.1 months |
Financial Health Grade: A
In 2024, Hope And Harbor reported a surplus of $6K with revenue exceeding expenses, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 2 years of filings (2023–2024), Hope And Harbor's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.8% | +32.0% | +68.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope And Harbor 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 And Harbor 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Frequently Asked Questions about Hope And Harbor
Is Hope And Harbor a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope And Harbor (EIN: 872649943) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope And Harbor spend its money?
Detailed spending breakdown data is not yet available for Hope And Harbor. Check back for updated IRS 990 analysis.
Are donations to Hope And Harbor tax-deductible?
Hope And Harbor is registered as a tax-exempt nonprofit (EIN: 872649943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope And Harbor located?
Hope And Harbor is headquartered in Red Wing, Minnesota and files with the IRS under EIN 872649943. It is classified under NTEE code P85.
How many years of IRS 990 filings does Hope And Harbor have?
Hope And Harbor has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $396K in total revenue.
Filing History
IRS 990 filing history for Hope And Harbor showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2023–2024), Hope And Harbor's revenue has grown by 24.8%, moving from $76K to $94K. Total assets increased by 68.9% over the same period, from $9K to $16K. Total functional expenses rose by 32%, from $67K to $88K. In its most recent filing year (2024), Hope And Harbor reported a surplus of $6K, with revenue exceeding expenses. The organization holds $258 in liabilities against $16K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $15K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $94K | $88K | $16K | $258 | — | View 990 |
| 2023 | $76K | $67K | $9K | $263 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope And Harbor:
Data Sources and Methodology
This transparency report for Hope And Harbor 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.