New Hope Ii Of Florence Inc
EIN: 582279812 · Florence, SC · NTEE: P73
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $102K |
| Net Assets | $-104,635 |
Is New Hope Ii Of Florence Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hope Ii Of Florence Inc
New Hope Ii Of Florence Inc (EIN: 582279812) is a nonprofit organization based in Florence, SC, classified under NTEE code P73. The organization reported total revenue of $111K and total assets of $395K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Ii Of Florence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Ii Of Florence Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $116K |
| Total Expenses | $102K |
| Surplus / Deficit | +$13K |
| Total Assets | $369K |
| Total Liabilities | $474K |
| Net Assets | $-104,635 |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 128.4% |
| Months of Reserves | 43.3 months |
Financial Health Grade: A
In 2023, New Hope Ii Of Florence Inc reported a surplus of $13K with revenue exceeding expenses, holds 43.3 months of operating reserves (strong position), has a debt-to-asset ratio of 128.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hope Ii Of Florence Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.6% | -1.2% | -1.5% |
| 2022 | +9.8% | +32.3% | -2.6% |
| 2021 | +13.7% | +5.7% | +3.9% |
| 2020 | -5.8% | -2.1% | -3.7% |
| 2019 | +14.9% | -2.9% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope Ii Of Florence 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 New Hope Ii Of Florence 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 surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 128.4%.
Frequently Asked Questions about New Hope Ii Of Florence Inc
Is New Hope Ii Of Florence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Ii Of Florence Inc (EIN: 582279812) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hope Ii Of Florence Inc spend its money?
Detailed spending breakdown data is not yet available for New Hope Ii Of Florence Inc. Check back for updated IRS 990 analysis.
Are donations to New Hope Ii Of Florence Inc tax-deductible?
New Hope Ii Of Florence Inc is registered as a tax-exempt nonprofit (EIN: 582279812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Ii Of Florence Inc located?
New Hope Ii Of Florence Inc is headquartered in Florence, South Carolina and files with the IRS under EIN 582279812. It is classified under NTEE code P73.
How many years of IRS 990 filings does New Hope Ii Of Florence Inc have?
New Hope Ii Of Florence Inc has 13 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 $111K in total revenue.
Filing History
IRS 990 filing history for New Hope Ii Of Florence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hope Ii Of Florence Inc's revenue has grown by 215.2%, moving from $37K to $116K. Total assets decreased by 14.9% over the same period, from $433K to $369K. Total functional expenses rose by 98.7%, from $51K to $102K. In its most recent filing year (2023), New Hope Ii Of Florence Inc reported a surplus of $13K, with revenue exceeding expenses. The organization holds $474K in liabilities against $369K in assets (debt-to-asset ratio: 128.4%), resulting in net assets of $-104,635.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $116K | $102K | $369K | $474K | — | — |
| 2022 | $93K | $103K | $375K | $493K | — | View 990 |
| 2021 | $85K | $78K | $385K | $492K | — | View 990 |
| 2020 | $74K | $74K | $370K | $484K | — | — |
| 2019 | $79K | $75K | $384K | $498K | — | View 990 |
| 2018 | $69K | $78K | $364K | $481K | — | View 990 |
| 2017 | $56K | $63K | $373K | $482K | — | View 990 |
| 2016 | $56K | $68K | $375K | $476K | — | View 990 |
| 2015 | $46K | $57K | $383K | $473K | — | View 990 |
| 2014 | $39K | $53K | $394K | $472K | — | View 990 |
| 2013 | $40K | $52K | $408K | $473K | — | View 990 |
| 2012 | $40K | $54K | $419K | $472K | — | View 990 |
| 2011 | $37K | $51K | $433K | $473K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $116K, expenses of $102K, and assets of $369K (revenue +24.6% year-over-year).
- 2022: Revenue of $93K, expenses of $103K, and assets of $375K (revenue +9.8% year-over-year).
- 2021: Revenue of $85K, expenses of $78K, and assets of $385K (revenue +13.7% year-over-year).
- 2020: Revenue of $74K, expenses of $74K, and assets of $370K (revenue -5.8% year-over-year).
- 2019: Revenue of $79K, expenses of $75K, and assets of $384K (revenue +14.9% year-over-year).
- 2018: Revenue of $69K, expenses of $78K, and assets of $364K (revenue +23.3% year-over-year).
- 2017: Revenue of $56K, expenses of $63K, and assets of $373K (revenue -1.2% year-over-year).
- 2016: Revenue of $56K, expenses of $68K, and assets of $375K (revenue +23.9% year-over-year).
- 2015: Revenue of $46K, expenses of $57K, and assets of $383K (revenue +17.0% year-over-year).
- 2014: Revenue of $39K, expenses of $53K, and assets of $394K (revenue -3.3% year-over-year).
- 2013: Revenue of $40K, expenses of $52K, and assets of $408K (revenue +1.1% year-over-year).
- 2012: Revenue of $40K, expenses of $54K, and assets of $419K (revenue +8.5% year-over-year).
- 2011: Revenue of $37K, expenses of $51K, and assets of $433K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Ii Of Florence Inc:
Data Sources and Methodology
This transparency report for New Hope Ii Of Florence 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.