Hope Haven Gospel Mission Inc
Hope Haven Gospel Mission Inc. experiences fluctuating revenue and operates at a deficit in 2022, while maintaining a strong asset base.
EIN: 10386284 · Lewiston, ME · NTEE: P28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $343K |
| Total Expenses | $357K |
| Program Spending | 75% |
| Net Assets | $786K |
| Transparency Score | 70/100 |
Is Hope Haven Gospel Mission Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Haven Gospel Mission Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Haven Gospel Mission Inc
Hope Haven Gospel Mission Inc (EIN: 10386284) is a nonprofit organization based in Lewiston, ME, classified under NTEE code P28Z. The organization reported total revenue of $343K and total assets of $866K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Haven Gospel Mission Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Haven Gospel Mission Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -1.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $343K |
| Total Expenses | $357K |
| Surplus / Deficit | $-13,801 |
| Total Assets | $866K |
| Total Liabilities | $80K |
| Net Assets | $786K |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 29.1 months |
Financial Health Grade: B
In 2022, Hope Haven Gospel Mission Inc reported a deficit of $14K with expenses exceeding revenue, holds 29.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Hope Haven Gospel Mission Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -37.8% | -10.8% | -1.6% |
| 2021 | -24.0% | +40.9% | +15.4% |
| 2020 | +75.1% | -33.0% | +151.2% |
| 2019 | +30.9% | +23.9% | -6.0% |
| 2018 | -15.4% | -27.6% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1990 |
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 Haven Gospel Mission Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Hope Haven Gospel Mission Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Hope Haven Gospel Mission Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is a positive sign for minimizing administrative overhead.
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 Haven Gospel Mission Inc's IRS 990 filings:
- Inconsistent revenue, with a significant drop from $726,483 in 2020 to $343,034 in 2022.
- Operating at a deficit in 2022, with expenses ($356,835) exceeding revenue ($343,034).
Strengths
The following positive indicators were identified for Hope Haven Gospel Mission Inc:
- Consistent reporting of 0% officer compensation, indicating low executive overhead.
- Strong asset base ($865,966 in 2022) relative to liabilities ($80,348 in 2022), suggesting financial solvency.
- Consistent filing of IRS Form 990s over 12 periods, demonstrating regulatory compliance.
Frequently Asked Questions about Hope Haven Gospel Mission Inc
Is Hope Haven Gospel Mission Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Haven Gospel Mission Inc (EIN: 10386284) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Hope Haven Gospel Mission Inc spend its money?
Hope Haven Gospel Mission Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Haven Gospel Mission Inc tax-deductible?
Hope Haven Gospel Mission Inc is registered as a tax-exempt nonprofit (EIN: 10386284). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Haven Gospel Mission Inc's spending goes to programs?
Hope Haven Gospel Mission Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Haven Gospel Mission Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Hope Haven Gospel Mission Inc is above average for NTEE category P28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Haven Gospel Mission Inc located?
Hope Haven Gospel Mission Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 10386284. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Hope Haven Gospel Mission Inc have?
Hope Haven Gospel Mission Inc has 12 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 $343K in total revenue.
Is Hope Haven Gospel Mission Inc. financially stable?
While the organization experienced a deficit in 2022 ($343,034 revenue vs. $356,835 expenses) and fluctuating revenues, its strong asset base of $865,966 significantly outweighs its liabilities of $80,348, suggesting a degree of financial resilience.
How has the organization's revenue trended recently?
Revenue has shown significant fluctuation, peaking at $726,483 in 2020 and then dropping to $551,768 in 2021 and further to $343,034 in 2022.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, indicating that no salaries or other compensation are paid to its officers.
Filing History
IRS 990 filing history for Hope Haven Gospel Mission Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Hope Haven Gospel Mission Inc's revenue has declined by 12.8%, moving from $393K to $343K. Total assets increased by 321.9% over the same period, from $205K to $866K. Total functional expenses fell by 11.8%, from $405K to $357K. In its most recent filing year (2022), Hope Haven Gospel Mission Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $80K in liabilities against $866K in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $343K | $357K | $866K | $80K | — | View 990 |
| 2021 | $552K | $400K | $880K | $80K | — | View 990 |
| 2020 | $726K | $284K | $762K | $43K | — | View 990 |
| 2019 | $415K | $424K | $304K | $89K | — | View 990 |
| 2018 | $317K | $342K | $323K | $100K | — | View 990 |
| 2017 | $375K | $472K | $343K | $95K | — | View 990 |
| 2016 | $585K | $497K | $377K | $31K | — | View 990 |
| 2015 | $414K | $499K | $278K | $20K | — | View 990 |
| 2014 | $448K | $462K | $363K | $19K | — | View 990 |
| 2013 | $518K | $439K | $377K | $19K | — | View 990 |
| 2012 | $468K | $377K | $301K | $22K | — | View 990 |
| 2011 | $393K | $405K | $205K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $343K, expenses of $357K, and assets of $866K (revenue -37.8% year-over-year).
- 2021: Revenue of $552K, expenses of $400K, and assets of $880K (revenue -24.0% year-over-year).
- 2020: Revenue of $726K, expenses of $284K, and assets of $762K (revenue +75.1% year-over-year).
- 2019: Revenue of $415K, expenses of $424K, and assets of $304K (revenue +30.9% year-over-year).
- 2018: Revenue of $317K, expenses of $342K, and assets of $323K (revenue -15.4% year-over-year).
- 2017: Revenue of $375K, expenses of $472K, and assets of $343K (revenue -35.9% year-over-year).
- 2016: Revenue of $585K, expenses of $497K, and assets of $377K (revenue +41.3% year-over-year).
- 2015: Revenue of $414K, expenses of $499K, and assets of $278K (revenue -7.6% year-over-year).
- 2014: Revenue of $448K, expenses of $462K, and assets of $363K (revenue -13.6% year-over-year).
- 2013: Revenue of $518K, expenses of $439K, and assets of $377K (revenue +10.8% year-over-year).
- 2012: Revenue of $468K, expenses of $377K, and assets of $301K (revenue +18.9% year-over-year).
- 2011: Revenue of $393K, expenses of $405K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Haven Gospel Mission Inc:
Data Sources and Methodology
This transparency report for Hope Haven Gospel Mission 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.