One Hope Foundation Inc
EIN: 852015657 · Aberdeen, MD · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $176K |
| Net Assets | $72K |
Is One 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 One Hope Foundation Inc
One Hope Foundation Inc (EIN: 852015657) is a nonprofit organization based in Aberdeen, MD, classified under NTEE code L21. The organization reported total revenue of $201K and total assets of $72K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of One Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
One Hope Foundation Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2021–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $176K |
| Surplus / Deficit | +$25K |
| Total Assets | $72K |
| Net Assets | $72K |
| Operating Margin | 12.3% |
| Months of Reserves | 4.9 months |
Financial Health Grade: A
In 2022, One Hope Foundation Inc reported a surplus of $25K with revenue exceeding expenses, holds 4.9 months of operating reserves (adequate).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for One 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 One 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
Frequently Asked Questions about One Hope Foundation Inc
Is One Hope Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, One Hope Foundation Inc (EIN: 852015657) insufficient data. 0 red flags identified, 0 strengths noted.
How does One Hope Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for One Hope Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to One Hope Foundation Inc tax-deductible?
One Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 852015657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is One Hope Foundation Inc located?
One Hope Foundation Inc is headquartered in Aberdeen, Maryland and files with the IRS under EIN 852015657. It is classified under NTEE code L21.
How many years of IRS 990 filings does One Hope Foundation Inc have?
One Hope Foundation Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $201K in total revenue.
Filing History
IRS 990 filing history for One Hope Foundation Inc showing financial trends over 2 years of public records:
Total assets increased by 7231900% over the same period, from $1 to $72K. In its most recent filing year (2022), One Hope Foundation Inc reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $201K | $176K | $72K | $0 | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for One Hope Foundation Inc:
Data Sources and Methodology
This transparency report for One 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.