Rea Of Hope Fellowship Home Inc
EIN: 550784408 · Charleston, WV · NTEE: F22
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $913K |
| Net Assets | $2.6M |
Is Rea Of Hope Fellowship Home Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rea Of Hope Fellowship Home Inc
Rea Of Hope Fellowship Home Inc (EIN: 550784408) is a nonprofit organization based in Charleston, WV, classified under NTEE code F22. The organization reported total revenue of $1.1M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rea Of Hope Fellowship Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rea Of Hope Fellowship Home Inc is a mid-size nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $984K |
| Total Expenses | $913K |
| Surplus / Deficit | +$71K |
| Total Assets | $2.7M |
| Total Liabilities | $33K |
| Net Assets | $2.6M |
| Operating Margin | 7.2% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2023, Rea Of Hope Fellowship Home Inc reported a surplus of $71K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Rea Of Hope Fellowship Home Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | -3.9% | +2.6% |
| 2022 | +18.0% | +24.6% | +18.7% |
| 2021 | +32.8% | -6.8% | +15.9% |
| 2020 | -9.6% | +9.3% | +7.3% |
| 2019 | +11.2% | +16.2% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rea Of Hope Fellowship Home 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 Rea Of Hope Fellowship Home 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 $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Frequently Asked Questions about Rea Of Hope Fellowship Home Inc
Is Rea Of Hope Fellowship Home Inc a legitimate charity?
Rea Of Hope Fellowship Home Inc (EIN: 550784408) is a registered tax-exempt nonprofit based in West Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Rea Of Hope Fellowship Home Inc spend its money?
Rea Of Hope Fellowship Home Inc reported $1.1M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rea Of Hope Fellowship Home Inc tax-deductible?
Rea Of Hope Fellowship Home Inc is registered as a tax-exempt nonprofit (EIN: 550784408). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rea Of Hope Fellowship Home Inc located?
Rea Of Hope Fellowship Home Inc is headquartered in Charleston, West Virginia and files with the IRS under EIN 550784408. It is classified under NTEE code F22.
How many years of IRS 990 filings does Rea Of Hope Fellowship Home Inc have?
Rea Of Hope Fellowship Home Inc has 12 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Rea Of Hope Fellowship Home Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Rea Of Hope Fellowship Home Inc's revenue has declined by 3.3%, moving from $1.0M to $984K. Total assets increased by 99.6% over the same period, from $1.3M to $2.7M. Total functional expenses rose by 41%, from $647K to $913K. In its most recent filing year (2023), Rea Of Hope Fellowship Home Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $33K in liabilities against $2.7M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $984K | $913K | $2.7M | $33K | — | View 990 |
| 2022 | $1.4M | $950K | $2.6M | $36K | — | View 990 |
| 2021 | $1.2M | $762K | $2.2M | $38K | — | View 990 |
| 2020 | $868K | $818K | $1.9M | $129K | — | View 990 |
| 2019 | $960K | $748K | $1.8M | $51K | — | View 990 |
| 2018 | $863K | $644K | $1.5M | $31K | — | View 990 |
| 2017 | $738K | $659K | $1.3M | $29K | — | View 990 |
| 2016 | $644K | $588K | $1.2M | $22K | — | View 990 |
| 2015 | $657K | $591K | $1.2M | $46K | — | View 990 |
| 2014 | $501K | $612K | $1.2M | $24K | — | View 990 |
| 2013 | $568K | $608K | $1.3M | $24K | — | View 990 |
| 2012 | $1.0M | $647K | $1.3M | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $984K, expenses of $913K, and assets of $2.7M (revenue -27.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $950K, and assets of $2.6M (revenue +18.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $762K, and assets of $2.2M (revenue +32.8% year-over-year).
- 2020: Revenue of $868K, expenses of $818K, and assets of $1.9M (revenue -9.6% year-over-year).
- 2019: Revenue of $960K, expenses of $748K, and assets of $1.8M (revenue +11.2% year-over-year).
- 2018: Revenue of $863K, expenses of $644K, and assets of $1.5M (revenue +16.9% year-over-year).
- 2017: Revenue of $738K, expenses of $659K, and assets of $1.3M (revenue +14.6% year-over-year).
- 2016: Revenue of $644K, expenses of $588K, and assets of $1.2M (revenue -2.0% year-over-year).
- 2015: Revenue of $657K, expenses of $591K, and assets of $1.2M (revenue +31.1% year-over-year).
- 2014: Revenue of $501K, expenses of $612K, and assets of $1.2M (revenue -11.9% year-over-year).
- 2013: Revenue of $568K, expenses of $608K, and assets of $1.3M (revenue -44.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $647K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rea Of Hope Fellowship Home Inc:
Data Sources and Methodology
This transparency report for Rea Of Hope Fellowship Home 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.