Hugo Good Neighbors Food Shelf
EIN: 264627293 · Hugo, MN · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $274K |
| Total Expenses | $244K |
| Net Assets | $1.0M |
Is Hugo Good Neighbors Food Shelf Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hugo Good Neighbors Food Shelf
Hugo Good Neighbors Food Shelf (EIN: 264627293) is a nonprofit organization based in Hugo, MN, classified under NTEE code K30. The organization reported total revenue of $274K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hugo Good Neighbors Food Shelf's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hugo Good Neighbors Food Shelf is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $273K |
| Total Expenses | $244K |
| Surplus / Deficit | +$29K |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | 10.8% |
| Months of Reserves | 49.7 months |
Financial Health Grade: A
In 2023, Hugo Good Neighbors Food Shelf reported a surplus of $29K with revenue exceeding expenses, holds 49.7 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Hugo Good Neighbors Food Shelf's revenue has grown at a compound annual growth rate (CAGR) of 18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +5.3% | +3.0% |
| 2022 | +15.2% | +77.4% | -0.2% |
| 2021 | -32.0% | -9.3% | +6.4% |
| 2020 | +188.4% | +6.0% | +48.0% |
| 2019 | +16.9% | +21.3% | +2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hugo Good Neighbors Food Shelf 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 Hugo Good Neighbors Food Shelf 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 $29K, with revenue exceeding expenses.
Frequently Asked Questions about Hugo Good Neighbors Food Shelf
Is Hugo Good Neighbors Food Shelf a legitimate charity?
Based on AI analysis of IRS 990 filings, Hugo Good Neighbors Food Shelf (EIN: 264627293) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hugo Good Neighbors Food Shelf spend its money?
Detailed spending breakdown data is not yet available for Hugo Good Neighbors Food Shelf. Check back for updated IRS 990 analysis.
Are donations to Hugo Good Neighbors Food Shelf tax-deductible?
Hugo Good Neighbors Food Shelf is registered as a tax-exempt nonprofit (EIN: 264627293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hugo Good Neighbors Food Shelf located?
Hugo Good Neighbors Food Shelf is headquartered in Hugo, Minnesota and files with the IRS under EIN 264627293. It is classified under NTEE code K30.
How many years of IRS 990 filings does Hugo Good Neighbors Food Shelf have?
Hugo Good Neighbors Food Shelf has 14 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 $274K in total revenue.
Filing History
IRS 990 filing history for Hugo Good Neighbors Food Shelf showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hugo Good Neighbors Food Shelf's revenue has grown by 800.1%, moving from $30K to $273K. Total assets increased by 3298.2% over the same period, from $30K to $1.0M. Total functional expenses rose by 1391.6%, from $16K to $244K. In its most recent filing year (2023), Hugo Good Neighbors Food Shelf reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $273K | $244K | $1.0M | $0 | — | — |
| 2022 | $346K | $232K | $980K | $0 | — | View 990 |
| 2021 | $301K | $131K | $982K | $79K | — | View 990 |
| 2020 | $442K | $144K | $923K | $190K | — | View 990 |
| 2019 | $153K | $136K | $624K | $205K | — | View 990 |
| 2018 | $131K | $112K | $611K | $209K | — | View 990 |
| 2017 | $129K | $126K | $387K | $0 | — | View 990 |
| 2016 | $134K | $97K | $388K | $29K | — | View 990 |
| 2015 | $249K | $100K | $436K | $114K | — | View 990 |
| 2014 | $141K | $79K | $173K | $0 | — | View 990 |
| 2013 | $104K | $63K | $111K | $0 | — | View 990 |
| 2012 | $54K | $31K | $69K | $0 | — | View 990 |
| 2011 | $40K | $24K | $46K | $0 | — | View 990 |
| 2010 | $30K | $16K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $273K, expenses of $244K, and assets of $1.0M (revenue -21.1% year-over-year).
- 2022: Revenue of $346K, expenses of $232K, and assets of $980K (revenue +15.2% year-over-year).
- 2021: Revenue of $301K, expenses of $131K, and assets of $982K (revenue -32.0% year-over-year).
- 2020: Revenue of $442K, expenses of $144K, and assets of $923K (revenue +188.4% year-over-year).
- 2019: Revenue of $153K, expenses of $136K, and assets of $624K (revenue +16.9% year-over-year).
- 2018: Revenue of $131K, expenses of $112K, and assets of $611K (revenue +1.4% year-over-year).
- 2017: Revenue of $129K, expenses of $126K, and assets of $387K (revenue -3.4% year-over-year).
- 2016: Revenue of $134K, expenses of $97K, and assets of $388K (revenue -46.4% year-over-year).
- 2015: Revenue of $249K, expenses of $100K, and assets of $436K (revenue +76.6% year-over-year).
- 2014: Revenue of $141K, expenses of $79K, and assets of $173K (revenue +35.7% year-over-year).
- 2013: Revenue of $104K, expenses of $63K, and assets of $111K (revenue +91.4% year-over-year).
- 2012: Revenue of $54K, expenses of $31K, and assets of $69K (revenue +36.6% year-over-year).
- 2011: Revenue of $40K, expenses of $24K, and assets of $46K (revenue +31.1% year-over-year).
- 2010: Revenue of $30K, expenses of $16K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hugo Good Neighbors Food Shelf:
Data Sources and Methodology
This transparency report for Hugo Good Neighbors Food Shelf 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.