Hope Cottage Of Randolph County Inc
EIN: 851728008 · Roanoke, AL · NTEE: P43
Is Hope Cottage Of Randolph County Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Cottage Of Randolph County Inc
Hope Cottage Of Randolph County Inc (EIN: 851728008) is a nonprofit organization based in Roanoke, AL, classified under NTEE code P43. The organization reported total revenue of $48K and total assets of $158K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Cottage Of Randolph County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Cottage Of Randolph County Inc is a micro nonprofit that has been operating for 2 years, with 4 years of IRS 990 filings on record (2020–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $102K |
| Surplus / Deficit | $-12,530 |
| Total Assets | $146K |
| Total Liabilities | $49K |
| Net Assets | $97K |
| Operating Margin | -14.1% |
| Debt-to-Asset Ratio | 33.6% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, Hope Cottage Of Randolph County Inc reported a deficit of $13K with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 33.6% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +65.3% | +897.0% | -8.5% |
| 2022 | -18.9% | +1124.5% | +142.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Cottage Of Randolph County 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 Hope Cottage Of Randolph County 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 $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.6%.
Frequently Asked Questions about Hope Cottage Of Randolph County Inc
Is Hope Cottage Of Randolph County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Cottage Of Randolph County Inc (EIN: 851728008) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Cottage Of Randolph County Inc spend its money?
Detailed spending breakdown data is not yet available for Hope Cottage Of Randolph County Inc. Check back for updated IRS 990 analysis.
Are donations to Hope Cottage Of Randolph County Inc tax-deductible?
Hope Cottage Of Randolph County Inc is registered as a tax-exempt nonprofit (EIN: 851728008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hope Cottage Of Randolph County Inc showing financial trends over 4 years of public records:
Total assets increased by 14589000% over the same period, from $1 to $146K. In its most recent filing year (2023), Hope Cottage Of Randolph County Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $49K in liabilities against $146K in assets (debt-to-asset ratio: 33.6%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $102K | $146K | $49K | — | — |
| 2022 | $54K | $10K | $159K | $50K | — | — |
| 2021 | $67K | $833 | $66K | $0 | — | — |
| 2020 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $102K, and assets of $146K (revenue +65.3% year-over-year).
- 2022: Revenue of $54K, expenses of $10K, and assets of $159K (revenue -18.9% year-over-year).
- 2021: Revenue of $67K, expenses of $833, and assets of $66K.
- 2020: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Cottage Of Randolph County Inc:
Data Sources and Methodology
This transparency report for Hope Cottage Of Randolph County 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.