Hope House Ministries
EIN: 562339483 · West Memphis, AR · NTEE: X99
Is Hope House Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope House Ministries
Hope House Ministries (EIN: 562339483) is a nonprofit organization based in West Memphis, AR, classified under NTEE code X99. The organization reported total revenue of $58K and total assets of $478K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope House Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope House Ministries is a micro nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $48K |
| Surplus / Deficit | +$4K |
| Total Assets | $464K |
| Net Assets | $464K |
| Operating Margin | 8.6% |
| Months of Reserves | 116.5 months |
Financial Health Grade: A
In 2023, Hope House Ministries reported a surplus of $4K with revenue exceeding expenses, holds 116.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2010–2023), Hope House Ministries's revenue has declined at a compound annual growth rate (CAGR) of -2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +3.6% | +1.0% |
| 2022 | -52.6% | -45.8% | -5.9% |
| 2020 | +53.7% | +22.3% | +0.2% |
| 2019 | +28.0% | +49.7% | +0.0% |
| 2018 | -34.7% | -3.0% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope House Ministries 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 House Ministries 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 surplus of $4K, with revenue exceeding expenses.
Frequently Asked Questions about Hope House Ministries
Is Hope House Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope House Ministries (EIN: 562339483) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope House Ministries spend its money?
Detailed spending breakdown data is not yet available for Hope House Ministries. Check back for updated IRS 990 analysis.
Are donations to Hope House Ministries tax-deductible?
Hope House Ministries is registered as a tax-exempt nonprofit (EIN: 562339483). 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 House Ministries showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Hope House Ministries's revenue has declined by 27.1%, moving from $72K to $52K. Total assets increased by 126.6% over the same period, from $205K to $464K. Total functional expenses rose by 27.2%, from $38K to $48K. In its most recent filing year (2023), Hope House Ministries reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $48K | $464K | $0 | — | — |
| 2022 | $51K | $46K | $460K | $0 | — | View 990 |
| 2020 | $108K | $85K | $489K | $0 | — | — |
| 2019 | $70K | $70K | $488K | $0 | — | View 990 |
| 2018 | $55K | $46K | $488K | $0 | — | View 990 |
| 2017 | $84K | $48K | $479K | $0 | — | — |
| 2016 | $97K | $39K | $497K | $54K | — | View 990 |
| 2015 | $65K | $25K | $384K | $0 | — | View 990 |
| 2014 | $62K | $31K | $344K | $0 | — | View 990 |
| 2012 | $64K | $26K | $273K | $0 | — | — |
| 2011 | $64K | $35K | $234K | $0 | — | — |
| 2010 | $72K | $38K | $205K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $48K, and assets of $464K (revenue +2.1% year-over-year).
- 2022: Revenue of $51K, expenses of $46K, and assets of $460K (revenue -52.6% year-over-year).
- 2020: Revenue of $108K, expenses of $85K, and assets of $489K (revenue +53.7% year-over-year).
- 2019: Revenue of $70K, expenses of $70K, and assets of $488K (revenue +28.0% year-over-year).
- 2018: Revenue of $55K, expenses of $46K, and assets of $488K (revenue -34.7% year-over-year).
- 2017: Revenue of $84K, expenses of $48K, and assets of $479K (revenue -13.1% year-over-year).
- 2016: Revenue of $97K, expenses of $39K, and assets of $497K (revenue +48.1% year-over-year).
- 2015: Revenue of $65K, expenses of $25K, and assets of $384K (revenue +4.9% year-over-year).
- 2014: Revenue of $62K, expenses of $31K, and assets of $344K (revenue -2.7% year-over-year).
- 2012: Revenue of $64K, expenses of $26K, and assets of $273K (revenue +0.8% year-over-year).
- 2011: Revenue of $64K, expenses of $35K, and assets of $234K (revenue -11.2% year-over-year).
- 2010: Revenue of $72K, expenses of $38K, and assets of $205K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope House Ministries:
Data Sources and Methodology
This transparency report for Hope House Ministries 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.