Hosanna House Of Transition Inc
EIN: 562196853 · Winston Salem, NC · NTEE: I31
Is Hosanna House Of Transition Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hosanna House Of Transition Inc
Hosanna House Of Transition Inc (EIN: 562196853) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code I31. The organization reported total revenue of $251K and total assets of $384 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hosanna House Of Transition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hosanna House Of Transition Inc is a small nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $276K |
| Surplus / Deficit | $-1,684 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -0.6% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2023, Hosanna House Of Transition Inc reported a deficit of $2K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2009–2023), Hosanna House Of Transition Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +144.8% | +151.8% | -100.0% |
| 2022 | -21.7% | -16.3% | -80.1% |
| 2021 | +4.3% | -3.3% | +550.8% |
| 2020 | +4.2% | -9.9% | — |
| 2019 | -5.6% | +8.8% | -859.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hosanna House Of Transition Inc 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 Hosanna House Of Transition Inc 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.
Frequently Asked Questions about Hosanna House Of Transition Inc
Is Hosanna House Of Transition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hosanna House Of Transition Inc (EIN: 562196853) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hosanna House Of Transition Inc spend its money?
Detailed spending breakdown data is not yet available for Hosanna House Of Transition Inc. Check back for updated IRS 990 analysis.
Are donations to Hosanna House Of Transition Inc tax-deductible?
Hosanna House Of Transition Inc is registered as a tax-exempt nonprofit (EIN: 562196853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hosanna House Of Transition Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2009–2023), Hosanna House Of Transition Inc's revenue has grown by 121.8%, moving from $124K to $275K. Total assets decreased by 100% over the same period, from $178K to $0. Total functional expenses rose by 101.8%, from $137K to $276K. In its most recent filing year (2023), Hosanna House Of Transition Inc reported a deficit of $2K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $276K | $0 | $0 | — | View 990 |
| 2022 | $112K | $110K | $2K | $0 | — | View 990 |
| 2021 | $143K | $131K | $12K | $0 | — | — |
| 2020 | $138K | $136K | $2K | $0 | — | View 990 |
| 2019 | $132K | $150K | $-11,492 | $0 | — | View 990 |
| 2018 | $140K | $138K | $2K | $0 | — | View 990 |
| 2017 | $124K | $124K | $401 | $0 | — | View 990 |
| 2016 | $128K | $127K | $927 | $0 | — | View 990 |
| 2015 | $54K | $51K | $3K | $0 | — | View 990 |
| 2014 | $74K | $78K | $1 | $0 | — | View 990 |
| 2013 | $148K | $147K | $34K | $17K | — | View 990 |
| 2012 | $166K | $170K | $30K | $14K | — | View 990 |
| 2009 | $124K | $137K | $178K | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $276K, and assets of $0 (revenue +144.8% year-over-year).
- 2022: Revenue of $112K, expenses of $110K, and assets of $2K (revenue -21.7% year-over-year).
- 2021: Revenue of $143K, expenses of $131K, and assets of $12K (revenue +4.3% year-over-year).
- 2020: Revenue of $138K, expenses of $136K, and assets of $2K (revenue +4.2% year-over-year).
- 2019: Revenue of $132K, expenses of $150K, and assets of $-11,492 (revenue -5.6% year-over-year).
- 2018: Revenue of $140K, expenses of $138K, and assets of $2K (revenue +12.4% year-over-year).
- 2017: Revenue of $124K, expenses of $124K, and assets of $401 (revenue -2.6% year-over-year).
- 2016: Revenue of $128K, expenses of $127K, and assets of $927 (revenue +135.8% year-over-year).
- 2015: Revenue of $54K, expenses of $51K, and assets of $3K (revenue -26.3% year-over-year).
- 2014: Revenue of $74K, expenses of $78K, and assets of $1 (revenue -50.4% year-over-year).
- 2013: Revenue of $148K, expenses of $147K, and assets of $34K (revenue -10.8% year-over-year).
- 2012: Revenue of $166K, expenses of $170K, and assets of $30K (revenue +34.2% year-over-year).
- 2009: Revenue of $124K, expenses of $137K, and assets of $178K.
Data Sources and Methodology
This transparency report for Hosanna House Of Transition 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.