Hope Faith Ministries Inc
Hope Faith Ministries Inc maintains stable assets and reports no officer compensation, despite fluctuating annual revenues and expenses.
EIN: 20727462 · Kansas City, MO · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $3.6M |
| Transparency Score | 85/100 |
Is Hope Faith Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Faith Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Faith Ministries Inc
Hope Faith Ministries Inc (EIN: 20727462) is a nonprofit organization based in Kansas City, MO, classified under NTEE code P20. The organization reported total revenue of $2.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Faith Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Faith Ministries Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$129K |
| Total Assets | $3.8M |
| Total Liabilities | $272K |
| Net Assets | $3.6M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 7.1% |
| Months of Reserves | 22.5 months |
Financial Health Grade: A
In 2023, Hope Faith Ministries Inc reported a surplus of $129K with revenue exceeding expenses, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hope Faith Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.6% | +8.6% | -7.3% |
| 2022 | -43.3% | -45.6% | -1.7% |
| 2021 | +46.3% | +30.3% | -1.3% |
| 2020 | +88.4% | +105.9% | -8.1% |
| 2019 | -20.1% | +32.8% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Faith Ministries Inc 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 Faith Ministries Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $129K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, with over $2 million in annual revenue, suggesting a high dedication of resources to its mission.
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 Faith Ministries Inc's IRS 990 filings:
- Fluctuating annual revenues could indicate reliance on inconsistent funding sources or grant cycles, requiring careful monitoring of future financial stability.
Strengths
The following positive indicators were identified for Hope Faith Ministries Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a strong commitment to mission-focused spending.
- Healthy asset base of $3,807,567 relative to annual expenses, providing financial stability.
- Significant reduction in liabilities from $1,034,745 in 2020 to $271,507 in 2023, indicating improved financial health.
- Generally stable financial operations with expenses closely tracking revenues in most recent periods.
Frequently Asked Questions about Hope Faith Ministries Inc
Is Hope Faith Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Faith Ministries Inc (EIN: 20727462) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Hope Faith Ministries Inc spend its money?
Hope Faith Ministries Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Faith Ministries Inc tax-deductible?
Hope Faith Ministries Inc is registered as a tax-exempt nonprofit (EIN: 20727462). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hope Faith Ministries Inc CEO make?
Hope Faith Ministries Inc's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hope Faith Ministries Inc's spending goes to programs?
Hope Faith Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Faith Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hope Faith Ministries Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Faith Ministries Inc located?
Hope Faith Ministries Inc is headquartered in Kansas City, Missouri and files with the IRS under EIN 20727462. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hope Faith Ministries Inc have?
Hope Faith Ministries Inc 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 $2.2M in total revenue.
Is Hope Faith Ministries Inc a good charity?
Based on the available financial data, Hope Faith Ministries Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to program spending. While revenue and expenses fluctuate, the organization maintains a healthy asset base relative to its annual budget.
How has Hope Faith Ministries Inc's financial health changed over the last few years?
Hope Faith Ministries Inc's financial health has seen some fluctuations. Revenue peaked in 2021 at $3,252,870 and has since decreased to $2,168,373 in 2023. Expenses have generally followed revenue trends. Assets have remained relatively stable, hovering around $3.8 million to $4.2 million in recent years, demonstrating resilience despite revenue variations.
What is the trend in the organization's liabilities?
Liabilities for Hope Faith Ministries Inc have shown a decreasing trend in recent years, from a high of $1,034,745 in 2020 to $271,507 in 2023. This reduction in liabilities is a positive sign of improving financial management and reduced financial risk.
Filing History
IRS 990 filing history for Hope Faith Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hope Faith Ministries Inc's revenue has grown by 70.8%, moving from $1.3M to $2.2M. Total assets increased by 232.3% over the same period, from $1.2M to $3.8M. Total functional expenses rose by 106.5%, from $987K to $2.0M. In its most recent filing year (2023), Hope Faith Ministries Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $272K in liabilities against $3.8M in assets (debt-to-asset ratio: 7.1%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.0M | $3.8M | $272K | — | — |
| 2022 | $1.8M | $1.9M | $4.1M | $704K | — | View 990 |
| 2021 | $3.3M | $3.5M | $4.2M | $741K | — | View 990 |
| 2020 | $2.2M | $2.6M | $4.3M | $1.0M | — | — |
| 2019 | $1.2M | $1.3M | $4.6M | $983K | — | View 990 |
| 2018 | $1.5M | $968K | $4.6M | $841K | — | View 990 |
| 2017 | $2.9M | $891K | $3.9M | $653K | — | View 990 |
| 2016 | $1.4M | $1.1M | $1.6M | $410K | — | View 990 |
| 2015 | $1.3M | $1.4M | $1.3M | $420K | — | View 990 |
| 2014 | $1.4M | $1.4M | $1.4M | $355K | — | View 990 |
| 2013 | $1.7M | $1.4M | $1.4M | $375K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.2M | $403K | — | View 990 |
| 2011 | $1.3M | $987K | $1.2M | $385K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.0M, and assets of $3.8M (revenue +17.6% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.9M, and assets of $4.1M (revenue -43.3% year-over-year).
- 2021: Revenue of $3.3M, expenses of $3.5M, and assets of $4.2M (revenue +46.3% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.6M, and assets of $4.3M (revenue +88.4% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $4.6M (revenue -20.1% year-over-year).
- 2018: Revenue of $1.5M, expenses of $968K, and assets of $4.6M (revenue -49.5% year-over-year).
- 2017: Revenue of $2.9M, expenses of $891K, and assets of $3.9M (revenue +103.8% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.1M, and assets of $1.6M (revenue +12.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $1.3M (revenue -5.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $1.4M (revenue -19.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.4M, and assets of $1.4M (revenue +4.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.2M (revenue +27.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $987K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Faith Ministries Inc:
Data Sources and Methodology
This transparency report for Hope Faith Ministries 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.