Legacy Of Hope Foundation
EIN: 455262714 · Norman, OK · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $85K |
| Total Expenses | $86K |
| Net Assets | $99K |
Is Legacy Of Hope Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Legacy Of Hope Foundation
Legacy Of Hope Foundation (EIN: 455262714) is a nonprofit organization based in Norman, OK, classified under NTEE code W99. The organization reported total revenue of $85K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Of Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Of Hope Foundation is a micro nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 32.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $86K |
| Surplus / Deficit | +$45K |
| Total Assets | $99K |
| Net Assets | $99K |
| Operating Margin | 34.2% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Legacy Of Hope Foundation reported a surplus of $45K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2013–2023), Legacy Of Hope Foundation's revenue has grown at a compound annual growth rate (CAGR) of 32.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +66.7% | +3.0% |
| 2022 | +8.1% | -28.4% | +12.0% |
| 2021 | +37.7% | +13.7% | +21.5% |
| 2020 | -27.3% | -22.6% | +358.3% |
| 2019 | +7.3% | +6.0% | +77.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Legacy Of Hope Foundation 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 Legacy Of Hope Foundation 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 $45K, with revenue exceeding expenses.
Frequently Asked Questions about Legacy Of Hope Foundation
Is Legacy Of Hope Foundation a legitimate charity?
Legacy Of Hope Foundation (EIN: 455262714) is a registered tax-exempt nonprofit based in Oklahoma. It has 10 years of IRS 990 filings on record. Total revenue: $85K. No red flags identified. Financial health grade: A.
How does Legacy Of Hope Foundation spend its money?
Legacy Of Hope Foundation reported $85K in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Legacy Of Hope Foundation tax-deductible?
Legacy Of Hope Foundation is registered as a tax-exempt nonprofit (EIN: 455262714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Legacy Of Hope Foundation located?
Legacy Of Hope Foundation is headquartered in Norman, Oklahoma and files with the IRS under EIN 455262714. It is classified under NTEE code W99.
How many years of IRS 990 filings does Legacy Of Hope Foundation have?
Legacy Of Hope Foundation has 10 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 $85K in total revenue.
Filing History
IRS 990 filing history for Legacy Of Hope Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Legacy Of Hope Foundation's revenue has grown by 1603.9%, moving from $8K to $131K. Total assets increased by 1231.3% over the same period, from $7K to $99K. Total functional expenses rose by 44856%, from $191 to $86K. In its most recent filing year (2023), Legacy Of Hope Foundation reported a surplus of $45K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $86K | $99K | $0 | — | View 990 |
| 2022 | $89K | $52K | $97K | $42K | — | View 990 |
| 2021 | $83K | $72K | $86K | $69K | — | View 990 |
| 2020 | $60K | $63K | $71K | $65K | — | — |
| 2019 | $83K | $82K | $15K | $6K | — | View 990 |
| 2018 | $77K | $77K | $9K | $0 | — | View 990 |
| 2017 | $79K | $79K | $9K | $0 | — | View 990 |
| 2016 | $75K | $75K | $9K | $0 | — | View 990 |
| 2015 | $78K | $77K | $9K | $0 | — | View 990 |
| 2013 | $8K | $191 | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $86K, and assets of $99K (revenue +46.1% year-over-year).
- 2022: Revenue of $89K, expenses of $52K, and assets of $97K (revenue +8.1% year-over-year).
- 2021: Revenue of $83K, expenses of $72K, and assets of $86K (revenue +37.7% year-over-year).
- 2020: Revenue of $60K, expenses of $63K, and assets of $71K (revenue -27.3% year-over-year).
- 2019: Revenue of $83K, expenses of $82K, and assets of $15K (revenue +7.3% year-over-year).
- 2018: Revenue of $77K, expenses of $77K, and assets of $9K (revenue -3.2% year-over-year).
- 2017: Revenue of $79K, expenses of $79K, and assets of $9K (revenue +5.6% year-over-year).
- 2016: Revenue of $75K, expenses of $75K, and assets of $9K (revenue -3.8% year-over-year).
- 2015: Revenue of $78K, expenses of $77K, and assets of $9K (revenue +921.6% year-over-year).
- 2013: Revenue of $8K, expenses of $191, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Of Hope Foundation:
Data Sources and Methodology
This transparency report for Legacy Of Hope Foundation 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.