Life Is Hope
EIN: 460844867 · Jasper, AL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $69K |
| Net Assets | $22K |
Is Life Is Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Life Is Hope
Life Is Hope (EIN: 460844867) is a nonprofit organization based in Jasper, AL, classified under NTEE code P20. The organization reported total revenue of $87K and total assets of $23K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Is Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Life Is Hope is a micro nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $69K |
| Surplus / Deficit | +$763 |
| Total Assets | $22K |
| Net Assets | $22K |
| Operating Margin | 1.1% |
| Months of Reserves | 3.8 months |
Financial Health Grade: A
In 2023, Life Is Hope reported a surplus of $763 with revenue exceeding expenses, holds 3.8 months of operating reserves (adequate).
Financial Trends
Over 12 years of filings (2012–2023), Life Is Hope's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | -9.0% | +3.6% |
| 2022 | -11.4% | +22.6% | -27.0% |
| 2021 | +4.4% | -26.2% | +110.7% |
| 2020 | -5.6% | -4.9% | -42.8% |
| 2019 | -38.2% | -16.8% | -31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Life Is Hope 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 Life Is Hope 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 $763, with revenue exceeding expenses.
Frequently Asked Questions about Life Is Hope
Is Life Is Hope a legitimate charity?
Life Is Hope (EIN: 460844867) is a registered tax-exempt nonprofit based in Alabama. It has 12 years of IRS 990 filings on record. Total revenue: $87K. No red flags identified. Financial health grade: A.
How does Life Is Hope spend its money?
Life Is Hope reported $87K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Life Is Hope tax-deductible?
Life Is Hope is registered as a tax-exempt nonprofit (EIN: 460844867). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Life Is Hope located?
Life Is Hope is headquartered in Jasper, Alabama and files with the IRS under EIN 460844867. It is classified under NTEE code P20.
How many years of IRS 990 filings does Life Is Hope have?
Life Is Hope has 12 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 $87K in total revenue.
Filing History
IRS 990 filing history for Life Is Hope showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Life Is Hope's revenue has grown by 230.3%, moving from $21K to $70K. Total assets increased by 101.8% over the same period, from $11K to $22K. Total functional expenses rose by 561.8%, from $10K to $69K. In its most recent filing year (2023), Life Is Hope reported a surplus of $763, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $69K | $22K | $0 | — | View 990 |
| 2022 | $68K | $76K | $21K | $0 | — | — |
| 2021 | $77K | $62K | $29K | $0 | — | — |
| 2020 | $74K | $84K | $14K | $0 | — | View 990 |
| 2019 | $78K | $88K | $24K | $0 | — | View 990 |
| 2018 | $127K | $106K | $35K | $0 | — | View 990 |
| 2017 | $110K | $128K | $14K | $0 | — | View 990 |
| 2016 | $110K | $152K | $32K | $0 | — | View 990 |
| 2015 | $291K | $228K | $117K | $0 | — | View 990 |
| 2014 | $340K | $321K | $54K | $0 | — | View 990 |
| 2013 | $226K | $202K | $35K | $0 | — | View 990 |
| 2012 | $21K | $10K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $69K, and assets of $22K (revenue +2.5% year-over-year).
- 2022: Revenue of $68K, expenses of $76K, and assets of $21K (revenue -11.4% year-over-year).
- 2021: Revenue of $77K, expenses of $62K, and assets of $29K (revenue +4.4% year-over-year).
- 2020: Revenue of $74K, expenses of $84K, and assets of $14K (revenue -5.6% year-over-year).
- 2019: Revenue of $78K, expenses of $88K, and assets of $24K (revenue -38.2% year-over-year).
- 2018: Revenue of $127K, expenses of $106K, and assets of $35K (revenue +15.6% year-over-year).
- 2017: Revenue of $110K, expenses of $128K, and assets of $14K (revenue -0.7% year-over-year).
- 2016: Revenue of $110K, expenses of $152K, and assets of $32K (revenue -62.1% year-over-year).
- 2015: Revenue of $291K, expenses of $228K, and assets of $117K (revenue -14.4% year-over-year).
- 2014: Revenue of $340K, expenses of $321K, and assets of $54K (revenue +50.4% year-over-year).
- 2013: Revenue of $226K, expenses of $202K, and assets of $35K (revenue +964.7% year-over-year).
- 2012: Revenue of $21K, expenses of $10K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Life Is Hope:
Data Sources and Methodology
This transparency report for Life Is 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.