Mission Of Hope
EIN: 421514642 · Cedar Rapids, IA · NTEE: I43
| Metric | Value |
|---|---|
| Total Revenue | $319K |
| Total Expenses | $390K |
| Net Assets | $353K |
Is Mission Of Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mission Of Hope
Mission Of Hope (EIN: 421514642) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code I43. The organization reported total revenue of $319K and total assets of $553K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mission Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mission Of Hope is a small nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $335K |
| Total Expenses | $390K |
| Surplus / Deficit | $-55,451 |
| Total Assets | $581K |
| Total Liabilities | $228K |
| Net Assets | $353K |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 39.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: B
In 2022, Mission Of Hope reported a deficit of $55K with expenses exceeding revenue, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 39.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2022), Mission Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -25.2% | +3.7% | -10.8% |
| 2021 | +18.4% | +28.3% | +9.7% |
| 2020 | +3.5% | -28.9% | -14.8% |
| 2019 | -31.3% | -12.9% | -54.5% |
| 2018 | +31.1% | +2.2% | +102.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mission Of 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 Mission Of 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.3%.
Frequently Asked Questions about Mission Of Hope
Is Mission Of Hope a legitimate charity?
Mission Of Hope (EIN: 421514642) is a registered tax-exempt nonprofit based in Iowa. It has 12 years of IRS 990 filings on record. Total revenue: $319K. No red flags identified. Financial health grade: B.
How does Mission Of Hope spend its money?
Mission Of Hope reported $319K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mission Of Hope tax-deductible?
Mission Of Hope is registered as a tax-exempt nonprofit (EIN: 421514642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mission Of Hope located?
Mission Of Hope is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 421514642. It is classified under NTEE code I43.
How many years of IRS 990 filings does Mission Of Hope have?
Mission Of 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 $319K in total revenue.
Filing History
IRS 990 filing history for Mission Of Hope showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Mission Of Hope's revenue has grown by 21%, moving from $277K to $335K. Total assets increased by 135.4% over the same period, from $247K to $581K. Total functional expenses rose by 20.1%, from $325K to $390K. In its most recent filing year (2022), Mission Of Hope reported a deficit of $55K, with expenses exceeding revenue. The organization holds $228K in liabilities against $581K in assets (debt-to-asset ratio: 39.3%), resulting in net assets of $353K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $335K | $390K | $581K | $228K | — | View 990 |
| 2021 | $448K | $376K | $651K | $243K | — | View 990 |
| 2020 | $378K | $293K | $594K | $255K | — | View 990 |
| 2019 | $365K | $413K | $697K | $275K | — | — |
| 2018 | $532K | $473K | $1.5M | $305K | — | View 990 |
| 2017 | $406K | $463K | $757K | $348K | — | View 990 |
| 2016 | $318K | $364K | $813K | $346K | — | View 990 |
| 2015 | $484K | $327K | $890K | $387K | — | View 990 |
| 2014 | $409K | $276K | $656K | $393K | — | View 990 |
| 2013 | $364K | $330K | $247K | $82K | — | View 990 |
| 2012 | $286K | $321K | $212K | $80K | — | View 990 |
| 2011 | $277K | $325K | $247K | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $335K, expenses of $390K, and assets of $581K (revenue -25.2% year-over-year).
- 2021: Revenue of $448K, expenses of $376K, and assets of $651K (revenue +18.4% year-over-year).
- 2020: Revenue of $378K, expenses of $293K, and assets of $594K (revenue +3.5% year-over-year).
- 2019: Revenue of $365K, expenses of $413K, and assets of $697K (revenue -31.3% year-over-year).
- 2018: Revenue of $532K, expenses of $473K, and assets of $1.5M (revenue +31.1% year-over-year).
- 2017: Revenue of $406K, expenses of $463K, and assets of $757K (revenue +27.5% year-over-year).
- 2016: Revenue of $318K, expenses of $364K, and assets of $813K (revenue -34.2% year-over-year).
- 2015: Revenue of $484K, expenses of $327K, and assets of $890K (revenue +18.3% year-over-year).
- 2014: Revenue of $409K, expenses of $276K, and assets of $656K (revenue +12.4% year-over-year).
- 2013: Revenue of $364K, expenses of $330K, and assets of $247K (revenue +27.2% year-over-year).
- 2012: Revenue of $286K, expenses of $321K, and assets of $212K (revenue +3.4% year-over-year).
- 2011: Revenue of $277K, expenses of $325K, and assets of $247K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mission Of Hope:
Data Sources and Methodology
This transparency report for Mission Of 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.