Mission Of Hope Ministries
EIN: 550787249 · West Columbia, SC · NTEE: P80
Is Mission Of Hope Ministries 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 Ministries
Mission Of Hope Ministries (EIN: 550787249) is a nonprofit organization based in West Columbia, SC, classified under NTEE code P80. The organization reported total revenue of $225K and total assets of $442K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mission Of Hope Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Mission Of Hope Ministries 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 Ministries 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 Mission Of Hope Ministries
Is Mission Of Hope Ministries a legitimate charity?
Based on AI analysis of IRS 990 filings, Mission Of Hope Ministries (EIN: 550787249) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mission Of Hope Ministries spend its money?
Detailed spending breakdown data is not yet available for Mission Of Hope Ministries. Check back for updated IRS 990 analysis.
Are donations to Mission Of Hope Ministries tax-deductible?
Mission Of Hope Ministries is registered as a tax-exempt nonprofit (EIN: 550787249). 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 Mission Of Hope Ministries showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mission Of Hope Ministries's revenue has grown by 12.7%, moving from $176K to $199K. Total assets decreased by 8.9% over the same period, from $481K to $438K. Total functional expenses fell by 27.7%, from $203K to $147K. In its most recent filing year (2023), Mission Of Hope Ministries reported a surplus of $52K, with revenue exceeding expenses. The organization holds $62K in liabilities against $438K in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $376K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $199K | $147K | $438K | $62K | — | View 990 |
| 2022 | $128K | $101K | $408K | $84K | — | View 990 |
| 2021 | $130K | $101K | $403K | $106K | — | View 990 |
| 2020 | $116K | $76K | $396K | $128K | — | — |
| 2019 | $129K | $100K | $381K | $154K | — | View 990 |
| 2018 | $125K | $120K | $388K | $191K | — | View 990 |
| 2017 | $170K | $123K | $425K | $231K | — | View 990 |
| 2016 | $164K | $144K | $531K | $245K | — | View 990 |
| 2015 | $162K | $145K | $482K | $259K | — | View 990 |
| 2014 | $187K | $147K | $515K | $309K | — | View 990 |
| 2013 | $176K | $143K | $513K | $246K | — | View 990 |
| 2012 | $229K | $193K | $515K | $294K | — | View 990 |
| 2011 | $176K | $203K | $481K | $339K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199K, expenses of $147K, and assets of $438K (revenue +55.4% year-over-year).
- 2022: Revenue of $128K, expenses of $101K, and assets of $408K (revenue -1.5% year-over-year).
- 2021: Revenue of $130K, expenses of $101K, and assets of $403K (revenue +11.4% year-over-year).
- 2020: Revenue of $116K, expenses of $76K, and assets of $396K (revenue -9.9% year-over-year).
- 2019: Revenue of $129K, expenses of $100K, and assets of $381K (revenue +3.4% year-over-year).
- 2018: Revenue of $125K, expenses of $120K, and assets of $388K (revenue -26.3% year-over-year).
- 2017: Revenue of $170K, expenses of $123K, and assets of $425K (revenue +3.4% year-over-year).
- 2016: Revenue of $164K, expenses of $144K, and assets of $531K (revenue +0.9% year-over-year).
- 2015: Revenue of $162K, expenses of $145K, and assets of $482K (revenue -13.3% year-over-year).
- 2014: Revenue of $187K, expenses of $147K, and assets of $515K (revenue +6.7% year-over-year).
- 2013: Revenue of $176K, expenses of $143K, and assets of $513K (revenue -23.3% year-over-year).
- 2012: Revenue of $229K, expenses of $193K, and assets of $515K (revenue +30.0% year-over-year).
- 2011: Revenue of $176K, expenses of $203K, and assets of $481K.
Data Sources and Methodology
This transparency report for Mission Of Hope Ministries 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.