Hope House Of Scott County
EIN: 541893016 · Gate City, VA · NTEE: P43
| Metric | Value |
|---|---|
| Total Revenue | $489K |
| Total Expenses | $406K |
| Net Assets | $264K |
Is Hope House Of Scott County 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 Of Scott County
Hope House Of Scott County (EIN: 541893016) is a nonprofit organization based in Gate City, VA, classified under NTEE code P43. The organization reported total revenue of $489K and total assets of $316K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope House Of Scott County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope House Of Scott County is a small nonprofit that has been operating for 26 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $444K |
| Total Expenses | $406K |
| Surplus / Deficit | +$38K |
| Total Assets | $264K |
| Net Assets | $264K |
| Operating Margin | 8.6% |
| Months of Reserves | 7.8 months |
Financial Health Grade: A
In 2023, Hope House Of Scott County reported a surplus of $38K with revenue exceeding expenses, holds 7.8 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Hope House Of Scott County's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | -7.4% | +10.3% |
| 2022 | +2.5% | +9.6% | +21.2% |
| 2021 | +38.3% | +0.5% | +43.6% |
| 2020 | -24.6% | -0.6% | -30.6% |
| 2019 | -20.5% | -22.2% | +13.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope House Of Scott County 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 Of Scott County 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 $38K, with revenue exceeding expenses.
Frequently Asked Questions about Hope House Of Scott County
Is Hope House Of Scott County a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope House Of Scott County (EIN: 541893016) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope House Of Scott County spend its money?
Detailed spending breakdown data is not yet available for Hope House Of Scott County. Check back for updated IRS 990 analysis.
Are donations to Hope House Of Scott County tax-deductible?
Hope House Of Scott County is registered as a tax-exempt nonprofit (EIN: 541893016). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope House Of Scott County located?
Hope House Of Scott County is headquartered in Gate City, Virginia and files with the IRS under EIN 541893016. It is classified under NTEE code P43.
How many years of IRS 990 filings does Hope House Of Scott County have?
Hope House Of Scott County 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 $489K in total revenue.
Filing History
IRS 990 filing history for Hope House Of Scott County showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Hope House Of Scott County's revenue has grown by 158.8%, moving from $171K to $444K. Total assets increased by 13.4% over the same period, from $233K to $264K. Total functional expenses rose by 105.1%, from $198K to $406K. In its most recent filing year (2023), Hope House Of Scott County reported a surplus of $38K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $444K | $406K | $264K | $0 | — | View 990 |
| 2022 | $471K | $438K | $240K | $0 | — | View 990 |
| 2021 | $459K | $399K | $198K | $0 | — | View 990 |
| 2020 | $332K | $397K | $138K | $0 | — | View 990 |
| 2019 | $441K | $400K | $198K | $0 | — | View 990 |
| 2018 | $554K | $514K | $175K | $20K | — | View 990 |
| 2017 | $385K | $420K | $114K | $0 | — | View 990 |
| 2016 | $241K | $240K | $157K | $33K | — | View 990 |
| 2014 | $172K | $199K | $145K | $2K | — | View 990 |
| 2013 | $166K | $199K | $173K | $2K | — | View 990 |
| 2012 | $189K | $218K | $204K | $30 | — | View 990 |
| 2011 | $171K | $198K | $233K | $189 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $444K, expenses of $406K, and assets of $264K (revenue -5.7% year-over-year).
- 2022: Revenue of $471K, expenses of $438K, and assets of $240K (revenue +2.5% year-over-year).
- 2021: Revenue of $459K, expenses of $399K, and assets of $198K (revenue +38.3% year-over-year).
- 2020: Revenue of $332K, expenses of $397K, and assets of $138K (revenue -24.6% year-over-year).
- 2019: Revenue of $441K, expenses of $400K, and assets of $198K (revenue -20.5% year-over-year).
- 2018: Revenue of $554K, expenses of $514K, and assets of $175K (revenue +43.8% year-over-year).
- 2017: Revenue of $385K, expenses of $420K, and assets of $114K (revenue +60.1% year-over-year).
- 2016: Revenue of $241K, expenses of $240K, and assets of $157K (revenue +40.4% year-over-year).
- 2014: Revenue of $172K, expenses of $199K, and assets of $145K (revenue +3.1% year-over-year).
- 2013: Revenue of $166K, expenses of $199K, and assets of $173K (revenue -12.0% year-over-year).
- 2012: Revenue of $189K, expenses of $218K, and assets of $204K (revenue +10.3% year-over-year).
- 2011: Revenue of $171K, expenses of $198K, and assets of $233K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope House Of Scott County:
Data Sources and Methodology
This transparency report for Hope House Of Scott County 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.