Key Of Hope

Key Of Hope consistently spends more than it earns, operating at a deficit in most recent years.

EIN: 208117872 · Auburn Hills, MI · NTEE: Q30 · Updated: 2026-03-28

$199KRevenue

$164KAssets

70/100Mission Score (Good)

Q30

About Key Of Hope

Key Of Hope (EIN: 208117872) is a nonprofit organization based in Auburn Hills, MI, classified under NTEE code Q30. The organization reported total revenue of $199K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Key Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Key Of Hope demonstrates consistent operational deficits in recent years, with expenses exceeding revenue in 7 out of the last 10 reported periods. For instance, in 2023, expenses were $1,170,110 against revenues of $1,127,709, indicating a deficit of over $42,000. This trend suggests a reliance on prior reserves or other funding mechanisms to cover operational costs. While the organization has maintained assets, their value has fluctuated, decreasing from a high of $380,513 in 2015 to $170,762 in 2023. The consistent reporting of 0% officer compensation across all filings is a positive indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. However, the sustained operational deficits warrant closer examination to ensure long-term financial stability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Key Of Hope with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Key Of Hope allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is a strong positive for resource allocation.

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.

Red Flags

The following concerns were identified during AI analysis of Key Of Hope's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue in 7 of 10 years)
Declining asset base over the past decade

Strengths

The following positive indicators were identified for Key Of Hope:

0% officer compensation reported across all filings, indicating efficient use of funds for mission
Long history of IRS 990 filings (13 filings), suggesting transparency
Significant revenue generation, exceeding $1 million in 2021, 2022, and 2023

Frequently Asked Questions about Key Of Hope

Is Key Of Hope financially sustainable given its consistent deficits?

Key Of Hope has reported expenses exceeding revenue in 7 of the last 10 years, including a $42,401 deficit in 2023. This pattern raises concerns about long-term financial sustainability if not addressed by increased revenue or reduced expenses.

How does Key Of Hope cover its operational deficits?

The consistent deficits suggest the organization is either drawing down on accumulated assets or relying on other non-operating income sources not detailed in the summary to cover the gap between expenses and revenue.

What is the trend in Key Of Hope's asset base?

Key Of Hope's assets have generally declined over the past decade, from a high of $380,513 in 2015 to $170,762 in 2023, which could be a consequence of covering operational deficits.

Filing History

IRS 990 filing history for Key Of Hope showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Key Of Hope's revenue has grown by 271.7%, moving from $303K to $1.1M. Total assets increased by 224% over the same period, from $53K to $171K. Total functional expenses rose by 304.8%, from $289K to $1.2M. In its most recent filing year (2023), Key Of Hope reported a deficit of $42K, with expenses exceeding revenue. The organization holds $38K in liabilities against $171K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $133K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.1M	$1.2M	$171K	$38K	—	—
2022	$981K	$1.0M	$245K	$70K	—	View 990
2021	$1.3M	$1.3M	$285K	$87K	—	View 990
2020	$725K	$665K	$280K	$17K	—	—
2019	$793K	$849K	$221K	$18K	—	View 990
2018	$823K	$911K	$264K	$5K	—	View 990
2017	$861K	$874K	$351K	$4K	—	—
2016	$648K	$669K	$364K	$5K	—	View 990
2015	$767K	$588K	$381K	$0	—	View 990
2014	$477K	$516K	$216K	$14K	—	View 990
2013	$589K	$454K	$242K	$832	—	View 990
2012	$337K	$279K	$106K	$181	—	View 990
2011	$303K	$289K	$53K	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.1M, expenses of $1.2M, and assets of $171K (revenue +15.0% year-over-year).
2022: Revenue of $981K, expenses of $1.0M, and assets of $245K (revenue -22.6% year-over-year).
2021: Revenue of $1.3M, expenses of $1.3M, and assets of $285K (revenue +74.7% year-over-year).
2020: Revenue of $725K, expenses of $665K, and assets of $280K (revenue -8.5% year-over-year).
2019: Revenue of $793K, expenses of $849K, and assets of $221K (revenue -3.7% year-over-year).
2018: Revenue of $823K, expenses of $911K, and assets of $264K (revenue -4.4% year-over-year).
2017: Revenue of $861K, expenses of $874K, and assets of $351K (revenue +32.8% year-over-year).
2016: Revenue of $648K, expenses of $669K, and assets of $364K (revenue -15.5% year-over-year).
2015: Revenue of $767K, expenses of $588K, and assets of $381K (revenue +60.9% year-over-year).
2014: Revenue of $477K, expenses of $516K, and assets of $216K (revenue -19.0% year-over-year).
2013: Revenue of $589K, expenses of $454K, and assets of $242K (revenue +74.9% year-over-year).
2012: Revenue of $337K, expenses of $279K, and assets of $106K (revenue +10.9% year-over-year).
2011: Revenue of $303K, expenses of $289K, and assets of $53K.

Data Sources and Methodology

This transparency report for Key Of Hope 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.