Hope Ministries Of The Upstate
EIN: 800591326 · Spartanburg, SC · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $95K |
| Net Assets | $195K |
Is Hope Ministries Of The Upstate Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hope Ministries Of The Upstate
Hope Ministries Of The Upstate (EIN: 800591326) is a nonprofit organization based in Spartanburg, SC, classified under NTEE code P20. The organization reported total revenue of $99K and total assets of $181K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Ministries Of The Upstate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Ministries Of The Upstate is a micro nonprofit that has been operating for 15 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $95K |
| Surplus / Deficit | +$10K |
| Total Assets | $195K |
| Net Assets | $195K |
| Operating Margin | 9.4% |
| Months of Reserves | 24.7 months |
Financial Health Grade: A
In 2023, Hope Ministries Of The Upstate reported a surplus of $10K with revenue exceeding expenses, holds 24.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2015–2023), Hope Ministries Of The Upstate's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +16.1% | +5.3% |
| 2022 | +8.6% | +1.1% | +5.6% |
| 2021 | +9.4% | +5.2% | +6.2% |
| 2020 | +26.2% | +13.5% | +0.1% |
| 2019 | +26.5% | -0.6% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hope Ministries Of The Upstate 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 Ministries Of The Upstate 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 $10K, with revenue exceeding expenses.
Frequently Asked Questions about Hope Ministries Of The Upstate
Is Hope Ministries Of The Upstate a legitimate charity?
Hope Ministries Of The Upstate (EIN: 800591326) is a registered tax-exempt nonprofit based in South Carolina. It has 9 years of IRS 990 filings on record. Total revenue: $99K. No red flags identified. Financial health grade: A.
How does Hope Ministries Of The Upstate spend its money?
Hope Ministries Of The Upstate reported $99K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hope Ministries Of The Upstate tax-deductible?
Hope Ministries Of The Upstate is registered as a tax-exempt nonprofit (EIN: 800591326). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hope Ministries Of The Upstate located?
Hope Ministries Of The Upstate is headquartered in Spartanburg, South Carolina and files with the IRS under EIN 800591326. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hope Ministries Of The Upstate have?
Hope Ministries Of The Upstate 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 $99K in total revenue.
Filing History
IRS 990 filing history for Hope Ministries Of The Upstate showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Hope Ministries Of The Upstate's revenue has declined by 1.4%, moving from $107K to $105K. Total assets increased by 280.1% over the same period, from $51K to $195K. Total functional expenses rose by 55.4%, from $61K to $95K. In its most recent filing year (2023), Hope Ministries Of The Upstate reported a surplus of $10K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $95K | $195K | $0 | — | — |
| 2022 | $92K | $82K | $186K | $0 | — | View 990 |
| 2021 | $85K | $81K | $176K | $0 | — | — |
| 2020 | $77K | $77K | $165K | $0 | — | View 990 |
| 2019 | $61K | $68K | $165K | $0 | — | View 990 |
| 2018 | $48K | $68K | $172K | $0 | — | View 990 |
| 2017 | $99K | $70K | $192K | $0 | — | View 990 |
| 2016 | $185K | $75K | $163K | $0 | — | View 990 |
| 2015 | $107K | $61K | $51K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $95K, and assets of $195K (revenue +14.4% year-over-year).
- 2022: Revenue of $92K, expenses of $82K, and assets of $186K (revenue +8.6% year-over-year).
- 2021: Revenue of $85K, expenses of $81K, and assets of $176K (revenue +9.4% year-over-year).
- 2020: Revenue of $77K, expenses of $77K, and assets of $165K (revenue +26.2% year-over-year).
- 2019: Revenue of $61K, expenses of $68K, and assets of $165K (revenue +26.5% year-over-year).
- 2018: Revenue of $48K, expenses of $68K, and assets of $172K (revenue -51.2% year-over-year).
- 2017: Revenue of $99K, expenses of $70K, and assets of $192K (revenue -46.5% year-over-year).
- 2016: Revenue of $185K, expenses of $75K, and assets of $163K (revenue +74.0% year-over-year).
- 2015: Revenue of $107K, expenses of $61K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Ministries Of The Upstate:
Data Sources and Methodology
This transparency report for Hope Ministries Of The Upstate 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.