Hope At The Lake Foundation
Hope At The Lake Foundation shows revenue growth but faces occasional deficits, maintaining zero officer compensation.
EIN: 201489132 · Mooresville, NC · NTEE: G12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $369K |
| Total Expenses | $163K |
| Program Spending | 85% |
| Net Assets | $66K |
| Transparency Score | 85/100 |
Is Hope At The Lake Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope At The Lake Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope At The Lake Foundation
Hope At The Lake Foundation (EIN: 201489132) is a nonprofit organization based in Mooresville, NC, classified under NTEE code G12. The organization reported total revenue of $369K and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope At The Lake Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope At The Lake Foundation is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $163K |
| Surplus / Deficit | $-31,238 |
| Total Assets | $66K |
| Net Assets | $66K |
| Operating Margin | -23.7% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2024, Hope At The Lake Foundation reported a deficit of $31K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Hope At The Lake Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.9% | +44.1% | -32.0% |
| 2023 | +87.6% | +74.9% | +30.2% |
| 2022 | +2.5% | +58.8% | +11.5% |
| 2021 | +67.2% | +214.7% | +79.8% |
| 2020 | -17.6% | -83.1% | +358.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hope At The Lake Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hope At The Lake Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries from the organization. This is a positive sign for a nonprofit of its size, suggesting a volunteer-driven leadership model or that compensation is covered by other means, allowing more funds to be directed to programs.
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 Hope At The Lake Foundation's IRS 990 filings:
- Expenses exceeded revenue in several periods (e.g., 202407, 201907, 201807, 201707), indicating potential for operational deficits if not managed carefully.
Strengths
The following positive indicators were identified for Hope At The Lake Foundation:
- Consistent zero officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- No reported liabilities in any filing, demonstrating strong financial health and low risk.
- Significant growth in revenue over time, suggesting increasing donor support and program reach.
- Healthy asset base consistently maintained, providing a buffer for operations.
Frequently Asked Questions about Hope At The Lake Foundation
Is Hope At The Lake Foundation a legitimate charity?
Hope At The Lake Foundation (EIN: 201489132) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $369K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hope At The Lake Foundation spend its money?
Hope At The Lake Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hope At The Lake Foundation tax-deductible?
Hope At The Lake Foundation is registered as a tax-exempt nonprofit (EIN: 201489132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope At The Lake Foundation's spending goes to programs?
Hope At The Lake Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope At The Lake Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope At The Lake Foundation is above average for NTEE category G12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope At The Lake Foundation located?
Hope At The Lake Foundation is headquartered in Mooresville, North Carolina and files with the IRS under EIN 201489132. It is classified under NTEE code G12.
How many years of IRS 990 filings does Hope At The Lake Foundation have?
Hope At The Lake Foundation has 13 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 $369K in total revenue.
Is Hope At The Lake Foundation financially stable?
While the organization has experienced periods where expenses exceeded revenue (e.g., $162,923 expenses vs. $131,685 revenue in 202407), its consistent reporting of zero liabilities and a healthy asset base (e.g., $82,266 latest assets) suggests a generally stable financial position, though careful management of spending is warranted.
How does Hope At The Lake Foundation manage its administrative costs?
Given the consistent zero officer compensation and the overall financial data, it appears the organization maintains low administrative overhead, directing a significant portion of its budget towards its programs.
What is the trend in Hope At The Lake Foundation's revenue?
Revenue has shown significant growth, with the latest reported revenue at $369,231, a substantial increase from earlier periods like $42,179 in 202007, indicating growing support for its mission.
Filing History
IRS 990 filing history for Hope At The Lake Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hope At The Lake Foundation's revenue has declined by 2.8%, moving from $135K to $132K. Total assets decreased by 30.5% over the same period, from $96K to $66K. Total functional expenses fell by 12.6%, from $186K to $163K. In its most recent filing year (2024), Hope At The Lake Foundation reported a deficit of $31K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $132K | $163K | $66K | $0 | — | — |
| 2023 | $136K | $113K | $98K | $0 | — | View 990 |
| 2022 | $72K | $65K | $75K | $0 | — | View 990 |
| 2021 | $71K | $41K | $67K | $0 | — | View 990 |
| 2020 | $42K | $13K | $37K | $0 | — | View 990 |
| 2019 | $51K | $76K | $8K | $0 | — | View 990 |
| 2018 | $69K | $107K | $33K | $0 | — | View 990 |
| 2017 | $95K | $159K | $71K | $0 | — | View 990 |
| 2016 | $103K | $54K | $136K | $0 | — | View 990 |
| 2015 | $71K | $58K | $86K | $0 | — | View 990 |
| 2014 | $6K | $31K | $72K | $0 | — | View 990 |
| 2013 | $90K | $89K | $96K | $0 | — | View 990 |
| 2012 | $135K | $186K | $96K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $132K, expenses of $163K, and assets of $66K (revenue -2.9% year-over-year).
- 2023: Revenue of $136K, expenses of $113K, and assets of $98K (revenue +87.6% year-over-year).
- 2022: Revenue of $72K, expenses of $65K, and assets of $75K (revenue +2.5% year-over-year).
- 2021: Revenue of $71K, expenses of $41K, and assets of $67K (revenue +67.2% year-over-year).
- 2020: Revenue of $42K, expenses of $13K, and assets of $37K (revenue -17.6% year-over-year).
- 2019: Revenue of $51K, expenses of $76K, and assets of $8K (revenue -26.1% year-over-year).
- 2018: Revenue of $69K, expenses of $107K, and assets of $33K (revenue -27.1% year-over-year).
- 2017: Revenue of $95K, expenses of $159K, and assets of $71K (revenue -8.1% year-over-year).
- 2016: Revenue of $103K, expenses of $54K, and assets of $136K (revenue +44.5% year-over-year).
- 2015: Revenue of $71K, expenses of $58K, and assets of $86K (revenue +1028.2% year-over-year).
- 2014: Revenue of $6K, expenses of $31K, and assets of $72K (revenue -93.0% year-over-year).
- 2013: Revenue of $90K, expenses of $89K, and assets of $96K (revenue -33.3% year-over-year).
- 2012: Revenue of $135K, expenses of $186K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope At The Lake Foundation:
Data Sources and Methodology
This transparency report for Hope At The Lake 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.