Miracle Of Hope Foundation Inc
EIN: 920431466 · Nashville, TN · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $191K |
| Net Assets | $-35,900 |
Is Miracle Of Hope Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Miracle Of Hope Foundation Inc
Miracle Of Hope Foundation Inc (EIN: 920431466) is a nonprofit organization based in Nashville, TN, classified under NTEE code P99. The organization reported total revenue of $2.3M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Miracle Of Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Miracle Of Hope Foundation Inc is a mid-size nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $155K |
| Total Expenses | $191K |
| Surplus / Deficit | $-35,900 |
| Total Assets | $27K |
| Total Liabilities | $63K |
| Net Assets | $-35,900 |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 233.2% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2023, Miracle Of Hope Foundation Inc reported a deficit of $36K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 233.2% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Miracle Of Hope Foundation 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 Miracle Of Hope Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $36K, with expenses exceeding revenue.
- Debt-to-asset ratio: 233.2%.
Frequently Asked Questions about Miracle Of Hope Foundation Inc
Is Miracle Of Hope Foundation Inc a legitimate charity?
Miracle Of Hope Foundation Inc (EIN: 920431466) is a registered tax-exempt nonprofit based in Tennessee. Total revenue: $2.3M. No red flags identified. Financial health grade: D.
How does Miracle Of Hope Foundation Inc spend its money?
Miracle Of Hope Foundation Inc reported $2.3M in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Miracle Of Hope Foundation Inc tax-deductible?
Miracle Of Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 920431466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Miracle Of Hope Foundation Inc located?
Miracle Of Hope Foundation Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 920431466. It is classified under NTEE code P99.
Filing History
IRS 990 filing history for Miracle Of Hope Foundation Inc showing financial trends over 1 year of public records:
In its most recent filing year (2023), Miracle Of Hope Foundation Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $63K in liabilities against $27K in assets (debt-to-asset ratio: 233.2%), resulting in net assets of $-35,900.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $155K | $191K | $27K | $63K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Miracle Of Hope Foundation Inc:
Data Sources and Methodology
This transparency report for Miracle Of 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.