Raising Hope Inc
EIN: 453637784 · Owensboro, KY · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $939 |
| Total Expenses | $520 |
| Net Assets | $4K |
Is Raising Hope Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Raising Hope Inc
Raising Hope Inc (EIN: 453637784) is a nonprofit organization based in Owensboro, KY, classified under NTEE code X20. The organization reported total revenue of $939 and total assets of $4K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raising Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raising Hope Inc is a micro nonprofit that has been operating for 14 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -25.6%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $939 |
| Total Expenses | $520 |
| Surplus / Deficit | +$419 |
| Total Assets | $4K |
| Total Liabilities | $59 |
| Net Assets | $4K |
| Operating Margin | 44.6% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 92.0 months |
Financial Health Grade: A
In 2019, Raising Hope Inc reported a surplus of $419 with revenue exceeding expenses, holds 92.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 8 years of filings (2012–2019), Raising Hope Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -70.5% | -92.9% | +12.2% |
| 2018 | -18.7% | +10.6% | -53.5% |
| 2017 | +1719.5% | +7833.7% | -25.8% |
| 2016 | +97.2% | -2.4% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Raising Hope 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 Raising Hope 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $419, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Raising Hope Inc
Is Raising Hope Inc a legitimate charity?
Raising Hope Inc (EIN: 453637784) is a registered tax-exempt nonprofit based in Kentucky. It has 8 years of IRS 990 filings on record. Total revenue: $939. No red flags identified. Financial health grade: A.
How does Raising Hope Inc spend its money?
Raising Hope Inc reported $939 in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Raising Hope Inc tax-deductible?
Raising Hope Inc is registered as a tax-exempt nonprofit (EIN: 453637784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Raising Hope Inc located?
Raising Hope Inc is headquartered in Owensboro, Kentucky and files with the IRS under EIN 453637784. It is classified under NTEE code X20.
How many years of IRS 990 filings does Raising Hope Inc have?
Raising Hope Inc has 8 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 $939 in total revenue.
Filing History
IRS 990 filing history for Raising Hope Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Raising Hope Inc's revenue has declined by 87.3%, moving from $7K to $939. Total assets decreased by 44.8% over the same period, from $7K to $4K. Total functional expenses rose by 175.1%, from $189 to $520. In its most recent filing year (2019), Raising Hope Inc reported a surplus of $419, with revenue exceeding expenses. The organization holds $59 in liabilities against $4K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $4K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $939 | $520 | $4K | $59 | — | View 990 |
| 2018 | $3K | $7K | $4K | $46 | — | View 990 |
| 2017 | $4K | $7K | $8K | $30 | — | — |
| 2016 | $215 | $83 | $10K | $16 | — | View 990 |
| 2015 | $109 | $85 | $10K | $0 | — | View 990 |
| 2014 | $0 | $196 | $10K | $0 | — | View 990 |
| 2013 | $3K | $97 | $10K | $0 | — | View 990 |
| 2012 | $7K | $189 | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $939, expenses of $520, and assets of $4K (revenue -70.5% year-over-year).
- 2018: Revenue of $3K, expenses of $7K, and assets of $4K (revenue -18.7% year-over-year).
- 2017: Revenue of $4K, expenses of $7K, and assets of $8K (revenue +1719.5% year-over-year).
- 2016: Revenue of $215, expenses of $83, and assets of $10K (revenue +97.2% year-over-year).
- 2015: Revenue of $109, expenses of $85, and assets of $10K.
- 2014: Revenue of $0, expenses of $196, and assets of $10K (revenue -100.0% year-over-year).
- 2013: Revenue of $3K, expenses of $97, and assets of $10K (revenue -56.9% year-over-year).
- 2012: Revenue of $7K, expenses of $189, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raising Hope Inc:
Data Sources and Methodology
This transparency report for Raising Hope 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.