Love Fostering Hope Inc
EIN: 843536273 · Shady Point, OK · NTEE: P73
Is Love Fostering Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Love Fostering Hope Inc
Love Fostering Hope Inc (EIN: 843536273) is a nonprofit organization based in Shady Point, OK, classified under NTEE code P73. The organization reported total revenue of $62K and total assets of $54K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Love Fostering Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Love Fostering Hope Inc 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 Love Fostering Hope Inc 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.
Frequently Asked Questions about Love Fostering Hope Inc
Is Love Fostering Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Love Fostering Hope Inc (EIN: 843536273) insufficient data. 0 red flags identified, 0 strengths noted.
How does Love Fostering Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Love Fostering Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Love Fostering Hope Inc tax-deductible?
Love Fostering Hope Inc is registered as a tax-exempt nonprofit (EIN: 843536273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Love Fostering Hope Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Love Fostering Hope Inc's revenue has declined by 27.3%, moving from $66K to $48K. Total assets increased by 88.2% over the same period, from $34K to $63K. Total functional expenses rose by 46.5%, from $52K to $77K. In its most recent filing year (2023), Love Fostering Hope Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $889 in liabilities against $63K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $77K | $63K | $889 | — | — |
| 2022 | $134K | $77K | $91K | $581 | — | View 990 |
| 2021 | $66K | $52K | $34K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $77K, and assets of $63K (revenue -63.9% year-over-year).
- 2022: Revenue of $134K, expenses of $77K, and assets of $91K (revenue +101.4% year-over-year).
- 2021: Revenue of $66K, expenses of $52K, and assets of $34K.
Data Sources and Methodology
This transparency report for Love Fostering Hope 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.