Ribbons Of Hope Inc
EIN: 721509297 · Lake Charles, LA · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $210K |
| Total Expenses | $74K |
| Net Assets | $968K |
Is Ribbons Of 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 Ribbons Of Hope Inc
Ribbons Of Hope Inc (EIN: 721509297) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code S47. The organization reported total revenue of $210K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ribbons Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ribbons Of Hope Inc is a small nonprofit that has been operating for 24 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 35.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $74K |
| Surplus / Deficit | +$113K |
| Total Assets | $1.4M |
| Total Liabilities | $432K |
| Net Assets | $968K |
| Operating Margin | 60.5% |
| Debt-to-Asset Ratio | 30.9% |
| Months of Reserves | 227.6 months |
Financial Health Grade: A
In 2023, Ribbons Of Hope Inc reported a surplus of $113K with revenue exceeding expenses, holds 227.6 months of operating reserves (strong position), has a debt-to-asset ratio of 30.9% (moderate leverage).
Financial Trends
Over 9 years of filings (2012–2023), Ribbons Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.3% | +157.8% | -0.4% |
| 2022 | -19.7% | +1.0% | +11.6% |
| 2021 | +13.2% | +74.9% | +29.9% |
| 2020 | +0.8% | +0.0% | +14.7% |
| 2019 | +383.4% | +0.0% | +16.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ribbons Of 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 Ribbons Of 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $113K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.9%.
Frequently Asked Questions about Ribbons Of Hope Inc
Is Ribbons Of Hope Inc a legitimate charity?
Ribbons Of Hope Inc (EIN: 721509297) is a registered tax-exempt nonprofit based in Louisiana. It has 9 years of IRS 990 filings on record. Total revenue: $210K. No red flags identified. Financial health grade: A.
How does Ribbons Of Hope Inc spend its money?
Ribbons Of Hope Inc reported $210K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ribbons Of Hope Inc tax-deductible?
Ribbons Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 721509297). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ribbons Of Hope Inc located?
Ribbons Of Hope Inc is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 721509297. It is classified under NTEE code S47.
How many years of IRS 990 filings does Ribbons Of Hope Inc have?
Ribbons Of Hope Inc has 9 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 $210K in total revenue.
Filing History
IRS 990 filing history for Ribbons Of Hope Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Ribbons Of Hope Inc's revenue has grown by 2793.6%, moving from $6K to $187K. Total assets increased by 1101.6% over the same period, from $117K to $1.4M. In its most recent filing year (2023), Ribbons Of Hope Inc reported a surplus of $113K, with revenue exceeding expenses. The organization holds $432K in liabilities against $1.4M in assets (debt-to-asset ratio: 30.9%), resulting in net assets of $968K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $74K | $1.4M | $432K | — | View 990 |
| 2022 | $145K | $29K | $1.4M | $458K | — | View 990 |
| 2021 | $180K | $28K | $1.3M | $428K | — | View 990 |
| 2020 | $159K | $16K | $970K | $290K | — | — |
| 2019 | $158K | $16K | $846K | $309K | — | View 990 |
| 2018 | $33K | $16K | $727K | $332K | — | View 990 |
| 2017 | $77K | $16K | $732K | $353K | — | View 990 |
| 2016 | $213K | $20K | $691K | $375K | — | View 990 |
| 2012 | $6K | $0 | $117K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $74K, and assets of $1.4M (revenue +29.3% year-over-year).
- 2022: Revenue of $145K, expenses of $29K, and assets of $1.4M (revenue -19.7% year-over-year).
- 2021: Revenue of $180K, expenses of $28K, and assets of $1.3M (revenue +13.2% year-over-year).
- 2020: Revenue of $159K, expenses of $16K, and assets of $970K (revenue +0.8% year-over-year).
- 2019: Revenue of $158K, expenses of $16K, and assets of $846K (revenue +383.4% year-over-year).
- 2018: Revenue of $33K, expenses of $16K, and assets of $727K (revenue -57.7% year-over-year).
- 2017: Revenue of $77K, expenses of $16K, and assets of $732K (revenue -63.7% year-over-year).
- 2016: Revenue of $213K, expenses of $20K, and assets of $691K (revenue +3191.6% year-over-year).
- 2012: Revenue of $6K, expenses of $0, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ribbons Of Hope Inc:
Data Sources and Methodology
This transparency report for Ribbons Of 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.