Living Hope Foundation Inc

Living Hope Foundation Inc. operates with significant liabilities and historical deficits despite recent asset growth.

EIN: 10791302 · Newberry, SC · NTEE: P70 · Updated: 2026-03-27

$70KRevenue

$33KAssets

55/100Mission Score (Fair)

P70

About Living Hope Foundation Inc

Living Hope Foundation Inc (EIN: 10791302) is a nonprofit organization based in Newberry, SC, classified under NTEE code P70. The organization reported total revenue of $70K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Living Hope Foundation Inc. appears to be a small nonprofit with fluctuating financial health. In 2012, the organization reported revenue of $46,605 against expenses of $48,405, indicating a slight deficit. This follows a more significant deficit in 2011, where expenses of $99,719 far outstripped revenue of $70,170. The organization's assets have grown from $2,437 in 2012 to $33,181 currently, which is a positive trend, but it still carries substantial liabilities of $76,388 in both reported periods, suggesting a significant debt burden relative to its size and assets. The lack of reported officer compensation in both filings suggests either a volunteer-led organization or that compensation falls below reporting thresholds, which can be a sign of efficiency or a lack of transparency regarding leadership costs if compensation is indeed provided through other means.

Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of expenses into program, administrative, and fundraising categories. However, the consistent operational deficits in the reported periods raise concerns about long-term financial sustainability. The organization's transparency is moderate; while it files its 990s, the limited detail in the provided summary makes a deep dive difficult. The NTEE code P70 (Housing, Shelter) suggests a focus on a critical area, but the financial instability could hinder its ability to consistently deliver on its mission.

Overall, Living Hope Foundation Inc. shows some positive signs in asset growth but is burdened by significant liabilities and has historically operated at a deficit. More detailed financial information would be needed to fully evaluate its spending efficiency and the impact of its programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Living Hope Foundation Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Living Hope Foundation Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation was reported in the 2011 or 2012 filings, suggesting a volunteer-led structure or compensation below reporting thresholds, which is common for very small organizations.

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 Living Hope Foundation Inc's IRS 990 filings:

Consistent historical operational deficits (expenses exceeded revenue in both 2011 and 2012 filings).
High liabilities ($76,388) relative to current assets ($33,181).
Limited financial detail available to assess specific spending efficiency (program vs. admin vs. fundraising).

Strengths

The following positive indicators were identified for Living Hope Foundation Inc:

Positive trend in asset growth from $2,437 in 2012 to $33,181 currently.
No reported officer compensation, potentially indicating efficient use of funds for leadership or volunteer-led operations.

Frequently Asked Questions about Living Hope Foundation Inc

Is Living Hope Foundation Inc. financially stable?

Based on the provided data, the organization has shown historical deficits (expenses exceeding revenue by $29,549 in 2011 and $1,800 in 2012) and carries significant liabilities ($76,388) relative to its current assets ($33,181), indicating potential financial instability.

What is the trend in the organization's assets?

Assets have shown a positive trend, increasing from $2,437 in 2012 to $33,181 currently, which is a significant improvement.

How does the organization's liabilities compare to its assets?

The organization's liabilities ($76,388) are more than double its current assets ($33,181), indicating a high debt burden.

Filing History

IRS 990 filing history for Living Hope Foundation Inc showing financial trends over 2 years of public records:

Over 2 years of IRS 990 filings (2011–2012), Living Hope Foundation Inc's revenue has declined by 33.6%, moving from $70K to $47K. Total assets decreased by 42.5% over the same period, from $4K to $2K. Total functional expenses fell by 51.5%, from $100K to $48K. In its most recent filing year (2012), Living Hope Foundation Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $76K in liabilities against $2K in assets (debt-to-asset ratio: 3134.5%), resulting in net assets of $-73,951.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2012	$47K	$48K	$2K	$76K	—	View 990
2011	$70K	$100K	$4K	$76K	—	View 990

Data Sources and Methodology

This transparency report for Living Hope Foundation 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.