Hope Ignites Northeastern Ohio
EIN: 341534921 · Garfield Hts, OH
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.1M |
| Net Assets | $13.0M |
Is Hope Ignites Northeastern Ohio Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Ignites Northeastern Ohio
Hope Ignites Northeastern Ohio (EIN: 341534921) is a nonprofit organization based in Garfield Hts, OH. The organization reported total revenue of $3.2M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Ignites Northeastern Ohio's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Ignites Northeastern Ohio is a mid-size nonprofit that has been operating for 47 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$146K |
| Total Assets | $13.4M |
| Total Liabilities | $372K |
| Net Assets | $13.0M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 51.6 months |
Financial Health Grade: A
In 2023, Hope Ignites Northeastern Ohio reported a surplus of $146K with revenue exceeding expenses, holds 51.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Hope Ignites Northeastern Ohio's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.2% | +16.7% | +6.3% |
| 2022 | -25.3% | +13.4% | -11.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Ignites Northeastern Ohio 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 Ignites Northeastern Ohio 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 $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Hope Ignites Northeastern Ohio
Is Hope Ignites Northeastern Ohio a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Ignites Northeastern Ohio (EIN: 341534921) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Ignites Northeastern Ohio spend its money?
Detailed spending breakdown data is not yet available for Hope Ignites Northeastern Ohio. Check back for updated IRS 990 analysis.
Are donations to Hope Ignites Northeastern Ohio tax-deductible?
Hope Ignites Northeastern Ohio is registered as a tax-exempt nonprofit (EIN: 341534921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Ignites Northeastern Ohio located?
Hope Ignites Northeastern Ohio is headquartered in Garfield Hts, Ohio and files with the IRS under EIN 341534921.
How many years of IRS 990 filings does Hope Ignites Northeastern Ohio have?
Hope Ignites Northeastern Ohio has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.2M in total revenue.
Filing History
IRS 990 filing history for Hope Ignites Northeastern Ohio showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Hope Ignites Northeastern Ohio's revenue has grown by 10%, moving from $3.0M to $3.3M. Total assets decreased by 5.8% over the same period, from $14.2M to $13.4M. Total functional expenses rose by 32.2%, from $2.4M to $3.1M. In its most recent filing year (2023), Hope Ignites Northeastern Ohio reported a surplus of $146K, with revenue exceeding expenses. The organization holds $372K in liabilities against $13.4M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $13.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.1M | $13.4M | $372K | — | View 990 |
| 2022 | $2.2M | $2.7M | $12.6M | $268K | — | View 990 |
| 2021 | $3.0M | $2.4M | $14.2M | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.1M, and assets of $13.4M (revenue +47.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.7M, and assets of $12.6M (revenue -25.3% year-over-year).
- 2021: Revenue of $3.0M, expenses of $2.4M, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Ignites Northeastern Ohio:
Data Sources and Methodology
This transparency report for Hope Ignites Northeastern Ohio 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.