Hope Net Ministries Inc
Hope Net Ministries Inc shows consistent growth and no officer compensation, indicating strong financial stewardship.
EIN: 208098162 · Council Blfs, IA · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $220K |
| Total Expenses | $185K |
| Program Spending | 90% |
| Net Assets | $177K |
| Transparency Score | 92/100 |
Is Hope Net Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Net Ministries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Net Ministries Inc
Hope Net Ministries Inc (EIN: 208098162) is a nonprofit organization based in Council Blfs, IA, classified under NTEE code P29. The organization reported total revenue of $220K and total assets of $181K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Net Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Net Ministries Inc is a small nonprofit that has been operating for 19 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $185K |
| Surplus / Deficit | +$6K |
| Total Assets | $186K |
| Total Liabilities | $10K |
| Net Assets | $177K |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 12.1 months |
Financial Health Grade: A
In 2023, Hope Net Ministries Inc reported a surplus of $6K with revenue exceeding expenses, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Hope Net Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.6% | +15.1% | +9.1% |
| 2022 | +18.9% | +19.0% | +41.7% |
| 2021 | +9.9% | +16.5% | +54.4% |
| 2020 | +42.9% | -2.3% | +140.2% |
| 2019 | -7.8% | +13.4% | -14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hope Net Ministries Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hope Net Ministries Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Hope Net Ministries Inc consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is allocated to executive salaries. This suggests a volunteer-led or very lean executive structure, maximizing funds for programmatic activities.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Hope Net Ministries Inc:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Steady growth in revenue and assets over the past decade, demonstrating financial stability.
- Low to no liabilities in most recent years, suggesting sound financial management.
- Consistent filing of IRS Form 990s, indicating transparency.
Frequently Asked Questions about Hope Net Ministries Inc
Is Hope Net Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hope Net Ministries Inc (EIN: 208098162) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Hope Net Ministries Inc spend its money?
Hope Net Ministries Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hope Net Ministries Inc tax-deductible?
Hope Net Ministries Inc is registered as a tax-exempt nonprofit (EIN: 208098162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Net Ministries Inc's spending goes to programs?
Hope Net Ministries Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hope Net Ministries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hope Net Ministries Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hope Net Ministries Inc located?
Hope Net Ministries Inc is headquartered in Council Blfs, Iowa and files with the IRS under EIN 208098162. It is classified under NTEE code P29.
How many years of IRS 990 filings does Hope Net Ministries Inc have?
Hope Net Ministries Inc has 11 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 $220K in total revenue.
Is Hope Net Ministries Inc a good charity?
Based on the provided financial data, Hope Net Ministries Inc appears to be a good charity. It demonstrates strong financial health with consistent revenue and asset growth, very low liabilities, and a notable commitment to not paying officer compensation, meaning more funds are available for its mission.
How has Hope Net Ministries Inc's financial health changed over time?
Hope Net Ministries Inc has shown significant financial improvement and growth over the past decade. Revenue increased from $81,735 in 2013 to $190,506 in 2023, and assets grew substantially from $100 to $186,442 in the same period, indicating a healthy and expanding organization.
Does Hope Net Ministries Inc spend efficiently?
Yes, the organization appears to spend very efficiently, primarily due to its consistent reporting of 0% officer compensation. This suggests that administrative overhead, particularly executive salaries, is kept extremely low, allowing a greater proportion of funds to be directed towards its programs.
Filing History
IRS 990 filing history for Hope Net Ministries Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Hope Net Ministries Inc's revenue has grown by 173.5%, moving from $70K to $191K. Total assets increased by 186342% over the same period, from $100 to $186K. Total functional expenses rose by 150.4%, from $74K to $185K. In its most recent filing year (2023), Hope Net Ministries Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $10K in liabilities against $186K in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $185K | $186K | $10K | — | — |
| 2022 | $211K | $160K | $171K | $0 | — | View 990 |
| 2021 | $177K | $135K | $121K | $0 | — | View 990 |
| 2020 | $161K | $116K | $78K | $0 | — | View 990 |
| 2019 | $113K | $118K | $33K | $0 | — | View 990 |
| 2018 | $122K | $104K | $38K | $0 | — | View 990 |
| 2017 | $99K | $97K | $20K | $0 | — | — |
| 2016 | $88K | $85K | $18K | $0 | — | View 990 |
| 2015 | $87K | $76K | $16K | $0 | — | View 990 |
| 2013 | $82K | $83K | $100 | $5K | — | View 990 |
| 2012 | $70K | $74K | $100 | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $185K, and assets of $186K (revenue -9.6% year-over-year).
- 2022: Revenue of $211K, expenses of $160K, and assets of $171K (revenue +18.9% year-over-year).
- 2021: Revenue of $177K, expenses of $135K, and assets of $121K (revenue +9.9% year-over-year).
- 2020: Revenue of $161K, expenses of $116K, and assets of $78K (revenue +42.9% year-over-year).
- 2019: Revenue of $113K, expenses of $118K, and assets of $33K (revenue -7.8% year-over-year).
- 2018: Revenue of $122K, expenses of $104K, and assets of $38K (revenue +23.7% year-over-year).
- 2017: Revenue of $99K, expenses of $97K, and assets of $20K (revenue +13.1% year-over-year).
- 2016: Revenue of $88K, expenses of $85K, and assets of $18K (revenue +0.3% year-over-year).
- 2015: Revenue of $87K, expenses of $76K, and assets of $16K (revenue +6.9% year-over-year).
- 2013: Revenue of $82K, expenses of $83K, and assets of $100 (revenue +17.3% year-over-year).
- 2012: Revenue of $70K, expenses of $74K, and assets of $100.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Net Ministries Inc:
Data Sources and Methodology
This transparency report for Hope Net Ministries Inc 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.