Hope Harbor Christian Ministries Inc
EIN: 560929507 · N Myrtle Beach, SC · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $61K |
| Net Assets | $189K |
Is Hope Harbor Christian Ministries 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 Harbor Christian Ministries Inc
Hope Harbor Christian Ministries Inc (EIN: 560929507) is a nonprofit organization based in N Myrtle Beach, SC, classified under NTEE code X20. The organization reported total revenue of $1 and total assets of $189K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Harbor Christian Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Harbor Christian Ministries Inc is a micro nonprofit that has been operating for 2 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of -61.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $61K |
| Surplus / Deficit | $-60,678 |
| Total Assets | $189K |
| Net Assets | $189K |
| Operating Margin | -6067800.0% |
| Months of Reserves | 37.5 months |
Financial Health Grade: B
In 2023, Hope Harbor Christian Ministries Inc reported a deficit of $61K with expenses exceeding revenue, holds 37.5 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2009–2023), Hope Harbor Christian Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -61.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -30.0% | -16.2% |
| 2021 | -94.9% | -84.0% | -23.2% |
| 2020 | -7.9% | -8.8% | -30.6% |
| 2018 | -0.1% | +3.7% | +4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| 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 Harbor Christian Ministries 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 Harbor Christian Ministries 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 $61K, with expenses exceeding revenue.
Frequently Asked Questions about Hope Harbor Christian Ministries Inc
Is Hope Harbor Christian Ministries Inc a legitimate charity?
Hope Harbor Christian Ministries Inc (EIN: 560929507) is a registered tax-exempt nonprofit based in South Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $1. No red flags identified. Financial health grade: B.
How does Hope Harbor Christian Ministries Inc spend its money?
Hope Harbor Christian Ministries Inc reported $1 in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope Harbor Christian Ministries Inc tax-deductible?
Hope Harbor Christian Ministries Inc is registered as a tax-exempt nonprofit (EIN: 560929507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Harbor Christian Ministries Inc located?
Hope Harbor Christian Ministries Inc is headquartered in N Myrtle Beach, South Carolina and files with the IRS under EIN 560929507. It is classified under NTEE code X20.
How many years of IRS 990 filings does Hope Harbor Christian Ministries Inc have?
Hope Harbor Christian Ministries Inc has 14 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 $1 in total revenue.
Filing History
IRS 990 filing history for Hope Harbor Christian Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Hope Harbor Christian Ministries Inc's revenue has declined by 100%, moving from $576K to $1. Total assets decreased by 74.2% over the same period, from $734K to $189K. Total functional expenses fell by 90%, from $607K to $61K. In its most recent filing year (2023), Hope Harbor Christian Ministries Inc reported a deficit of $61K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $61K | $189K | $0 | — | — |
| 2022 | $0 | $42K | $251K | $0 | — | — |
| 2021 | $20K | $59K | $299K | $7K | — | — |
| 2020 | $401K | $371K | $390K | $59K | — | — |
| 2018 | $435K | $407K | $562K | $500K | — | View 990 |
| 2017 | $435K | $392K | $535K | $472K | — | — |
| 2016 | $293K | $243K | $495K | $475K | — | View 990 |
| 2015 | $334K | $412K | $468K | $497K | — | View 990 |
| 2014 | $330K | $426K | $492K | $444K | — | View 990 |
| 2013 | $414K | $466K | $524K | $380K | — | View 990 |
| 2012 | $472K | $568K | $588K | $392K | — | View 990 |
| 2011 | $496K | $409K | $622K | $330K | — | View 990 |
| 2010 | $447K | $423K | $655K | $449K | — | View 990 |
| 2009 | $576K | $607K | $734K | $553K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1, expenses of $61K, and assets of $189K.
- 2022: Revenue of $0, expenses of $42K, and assets of $251K (revenue -100.0% year-over-year).
- 2021: Revenue of $20K, expenses of $59K, and assets of $299K (revenue -94.9% year-over-year).
- 2020: Revenue of $401K, expenses of $371K, and assets of $390K (revenue -7.9% year-over-year).
- 2018: Revenue of $435K, expenses of $407K, and assets of $562K (revenue -0.1% year-over-year).
- 2017: Revenue of $435K, expenses of $392K, and assets of $535K (revenue +48.5% year-over-year).
- 2016: Revenue of $293K, expenses of $243K, and assets of $495K (revenue -12.2% year-over-year).
- 2015: Revenue of $334K, expenses of $412K, and assets of $468K (revenue +1.0% year-over-year).
- 2014: Revenue of $330K, expenses of $426K, and assets of $492K (revenue -20.2% year-over-year).
- 2013: Revenue of $414K, expenses of $466K, and assets of $524K (revenue -12.2% year-over-year).
- 2012: Revenue of $472K, expenses of $568K, and assets of $588K (revenue -4.9% year-over-year).
- 2011: Revenue of $496K, expenses of $409K, and assets of $622K (revenue +11.0% year-over-year).
- 2010: Revenue of $447K, expenses of $423K, and assets of $655K (revenue -22.4% year-over-year).
- 2009: Revenue of $576K, expenses of $607K, and assets of $734K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Harbor Christian Ministries Inc:
Data Sources and Methodology
This transparency report for Hope Harbor Christian 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.