Hope Medical Of Washington
EIN: 474787535 · Kennewick, WA · NTEE: P45
| Metric | Value |
|---|---|
| Total Revenue | $295K |
| Total Expenses | $281K |
| Net Assets | $418K |
Is Hope Medical Of Washington Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Medical Of Washington
Hope Medical Of Washington (EIN: 474787535) is a nonprofit organization based in Kennewick, WA, classified under NTEE code P45. The organization reported total revenue of $295K and total assets of $435K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Medical Of Washington's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Medical Of Washington is a small nonprofit that has been operating for 10 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $281K |
| Surplus / Deficit | $-1,690 |
| Total Assets | $424K |
| Total Liabilities | $6K |
| Net Assets | $418K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 18.1 months |
Financial Health Grade: B
In 2023, Hope Medical Of Washington reported a deficit of $2K with expenses exceeding revenue, holds 18.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Hope Medical Of Washington's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +24.7% | +0.1% |
| 2022 | +5.7% | +10.7% | +7.9% |
| 2021 | +8.1% | +9.5% | +11.1% |
| 2020 | +19.6% | -4.2% | +12.3% |
| 2019 | +8.2% | +16.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Medical Of Washington 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 Medical Of Washington 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Hope Medical Of Washington
Is Hope Medical Of Washington a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Medical Of Washington (EIN: 474787535) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hope Medical Of Washington spend its money?
Detailed spending breakdown data is not yet available for Hope Medical Of Washington. Check back for updated IRS 990 analysis.
Are donations to Hope Medical Of Washington tax-deductible?
Hope Medical Of Washington is registered as a tax-exempt nonprofit (EIN: 474787535). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Medical Of Washington located?
Hope Medical Of Washington is headquartered in Kennewick, Washington and files with the IRS under EIN 474787535. It is classified under NTEE code P45.
How many years of IRS 990 filings does Hope Medical Of Washington have?
Hope Medical Of Washington has 9 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 $295K in total revenue.
Filing History
IRS 990 filing history for Hope Medical Of Washington showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hope Medical Of Washington's revenue has grown by 207.8%, moving from $91K to $280K. Total assets increased by 342.2% over the same period, from $96K to $424K. Total functional expenses rose by 831.6%, from $30K to $281K. In its most recent filing year (2023), Hope Medical Of Washington reported a deficit of $2K, with expenses exceeding revenue. The organization holds $6K in liabilities against $424K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $418K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $280K | $281K | $424K | $6K | — | — |
| 2022 | $257K | $226K | $424K | $4K | — | — |
| 2021 | $243K | $204K | $393K | $4K | — | View 990 |
| 2020 | $225K | $186K | $353K | $3K | — | — |
| 2019 | $188K | $194K | $315K | $3K | — | View 990 |
| 2018 | $174K | $167K | $321K | $3K | — | View 990 |
| 2017 | $413K | $172K | $315K | $3K | — | View 990 |
| 2016 | $146K | $134K | $95K | $0 | — | View 990 |
| 2015 | $91K | $30K | $96K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $280K, expenses of $281K, and assets of $424K (revenue +9.1% year-over-year).
- 2022: Revenue of $257K, expenses of $226K, and assets of $424K (revenue +5.7% year-over-year).
- 2021: Revenue of $243K, expenses of $204K, and assets of $393K (revenue +8.1% year-over-year).
- 2020: Revenue of $225K, expenses of $186K, and assets of $353K (revenue +19.6% year-over-year).
- 2019: Revenue of $188K, expenses of $194K, and assets of $315K (revenue +8.2% year-over-year).
- 2018: Revenue of $174K, expenses of $167K, and assets of $321K (revenue -57.9% year-over-year).
- 2017: Revenue of $413K, expenses of $172K, and assets of $315K (revenue +183.3% year-over-year).
- 2016: Revenue of $146K, expenses of $134K, and assets of $95K (revenue +60.3% year-over-year).
- 2015: Revenue of $91K, expenses of $30K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Medical Of Washington:
Data Sources and Methodology
This transparency report for Hope Medical Of Washington 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.