Only Hope Wnc
EIN: 453751833 · Asheville, NC · NTEE: P85
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $194K |
| Net Assets | $42K |
Is Only Hope Wnc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Only Hope Wnc
Only Hope Wnc (EIN: 453751833) is a nonprofit organization based in Asheville, NC, classified under NTEE code P85. The organization reported total revenue of $189K and total assets of $42K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Only Hope Wnc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Only Hope Wnc is a small nonprofit that has been operating for 13 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 34.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $188K |
| Total Expenses | $194K |
| Surplus / Deficit | $-6,056 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -3.2% |
| Months of Reserves | 2.6 months |
Financial Health Grade: C
In 2023, Only Hope Wnc reported a deficit of $6K with expenses exceeding revenue, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), Only Hope Wnc's revenue has grown at a compound annual growth rate (CAGR) of 34.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +49.0% | -12.6% |
| 2022 | +246.5% | +179.0% | +854.4% |
| 2021 | -69.0% | -67.8% | -72.4% |
| 2020 | +184.9% | +158.0% | +985.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Only Hope Wnc 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 Only Hope Wnc 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 $6K, with expenses exceeding revenue.
Frequently Asked Questions about Only Hope Wnc
Is Only Hope Wnc a legitimate charity?
Based on AI analysis of IRS 990 filings, Only Hope Wnc (EIN: 453751833) insufficient data. 0 red flags identified, 0 strengths noted.
How does Only Hope Wnc spend its money?
Detailed spending breakdown data is not yet available for Only Hope Wnc. Check back for updated IRS 990 analysis.
Are donations to Only Hope Wnc tax-deductible?
Only Hope Wnc is registered as a tax-exempt nonprofit (EIN: 453751833). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Only Hope Wnc located?
Only Hope Wnc is headquartered in Asheville, North Carolina and files with the IRS under EIN 453751833. It is classified under NTEE code P85.
How many years of IRS 990 filings does Only Hope Wnc have?
Only Hope Wnc has 5 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 $189K in total revenue.
Filing History
IRS 990 filing history for Only Hope Wnc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Only Hope Wnc's revenue has grown by 231.3%, moving from $57K to $188K. Total assets increased by 2399.2% over the same period, from $2K to $42K. Total functional expenses rose by 245.3%, from $56K to $194K. In its most recent filing year (2023), Only Hope Wnc reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $188K | $194K | $42K | $0 | — | — |
| 2022 | $173K | $130K | $48K | $0 | — | — |
| 2021 | $50K | $47K | $5K | $0 | — | View 990 |
| 2020 | $161K | $145K | $18K | $0 | — | — |
| 2019 | $57K | $56K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $188K, expenses of $194K, and assets of $42K (revenue +8.4% year-over-year).
- 2022: Revenue of $173K, expenses of $130K, and assets of $48K (revenue +246.5% year-over-year).
- 2021: Revenue of $50K, expenses of $47K, and assets of $5K (revenue -69.0% year-over-year).
- 2020: Revenue of $161K, expenses of $145K, and assets of $18K (revenue +184.9% year-over-year).
- 2019: Revenue of $57K, expenses of $56K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Only Hope Wnc:
Data Sources and Methodology
This transparency report for Only Hope Wnc 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.