Ring Of Hope
EIN: 275020542 · Chicago, IL · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $395K |
| Total Expenses | $259K |
| Net Assets | $223K |
Is Ring Of Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ring Of Hope
Ring Of Hope (EIN: 275020542) is a nonprofit organization based in Chicago, IL, classified under NTEE code B90. The organization reported total revenue of $395K and total assets of $794K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ring Of Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ring Of Hope is a small nonprofit that has been operating for 9 years, with 2 years of IRS 990 filings on record (2021–2022). Revenue has grown at a compound annual rate of 623.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $473K |
| Total Expenses | $259K |
| Surplus / Deficit | +$213K |
| Total Assets | $230K |
| Total Liabilities | $8K |
| Net Assets | $223K |
| Operating Margin | 45.2% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 10.7 months |
Financial Health Grade: A
In 2022, Ring Of Hope reported a surplus of $213K with revenue exceeding expenses, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 2 years of filings (2021–2022), Ring Of Hope's revenue has grown at a compound annual growth rate (CAGR) of 623.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +623.7% | +328.6% | +2474.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ring Of Hope 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 Ring Of Hope 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 $213K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Ring Of Hope
Is Ring Of Hope a legitimate charity?
Ring Of Hope (EIN: 275020542) is a registered tax-exempt nonprofit based in Illinois. It has 2 years of IRS 990 filings on record. Total revenue: $395K. No red flags identified. Financial health grade: A.
How does Ring Of Hope spend its money?
Ring Of Hope reported $395K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ring Of Hope tax-deductible?
Ring Of Hope is registered as a tax-exempt nonprofit (EIN: 275020542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ring Of Hope located?
Ring Of Hope is headquartered in Chicago, Illinois and files with the IRS under EIN 275020542. It is classified under NTEE code B90.
How many years of IRS 990 filings does Ring Of Hope have?
Ring Of Hope 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 $395K in total revenue.
Filing History
IRS 990 filing history for Ring Of Hope showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2021–2022), Ring Of Hope's revenue has grown by 623.7%, moving from $65K to $473K. Total assets increased by 2474.2% over the same period, from $9K to $230K. Total functional expenses rose by 328.6%, from $60K to $259K. In its most recent filing year (2022), Ring Of Hope reported a surplus of $213K, with revenue exceeding expenses. The organization holds $8K in liabilities against $230K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $223K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $473K | $259K | $230K | $8K | — | View 990 |
| 2021 | $65K | $60K | $9K | $4K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ring Of Hope:
Data Sources and Methodology
This transparency report for Ring Of Hope 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.