Saint Ignace Area Hope
EIN: 260482197 · Saint Ignace, MI · NTEE: K30
| Metric | Value |
|---|---|
| Total Revenue | $235K |
| Total Expenses | $174K |
| Net Assets | $510K |
Is Saint Ignace Area Hope Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Saint Ignace Area Hope
Saint Ignace Area Hope (EIN: 260482197) is a nonprofit organization based in Saint Ignace, MI, classified under NTEE code K30. The organization reported total revenue of $235K and total assets of $583K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saint Ignace Area Hope's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saint Ignace Area Hope is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $235K |
| Total Expenses | $174K |
| Surplus / Deficit | +$61K |
| Total Assets | $583K |
| Total Liabilities | $73K |
| Net Assets | $510K |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 40.2 months |
Financial Health Grade: A
In 2023, Saint Ignace Area Hope reported a surplus of $61K with revenue exceeding expenses, holds 40.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Saint Ignace Area Hope's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.0% | +5.9% | +6.3% |
| 2022 | +6.7% | +20.9% | -2.3% |
| 2021 | +15.6% | +8.9% | +1.6% |
| 2020 | -8.3% | -13.9% | +12.8% |
| 2019 | +2.7% | +0.8% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Saint Ignace Area 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 Saint Ignace Area 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.5%.
Frequently Asked Questions about Saint Ignace Area Hope
Is Saint Ignace Area Hope a legitimate charity?
Based on AI analysis of IRS 990 filings, Saint Ignace Area Hope (EIN: 260482197) insufficient data. 0 red flags identified, 0 strengths noted.
How does Saint Ignace Area Hope spend its money?
Detailed spending breakdown data is not yet available for Saint Ignace Area Hope. Check back for updated IRS 990 analysis.
Are donations to Saint Ignace Area Hope tax-deductible?
Saint Ignace Area Hope is registered as a tax-exempt nonprofit (EIN: 260482197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Saint Ignace Area Hope located?
Saint Ignace Area Hope is headquartered in Saint Ignace, Michigan and files with the IRS under EIN 260482197. It is classified under NTEE code K30.
How many years of IRS 990 filings does Saint Ignace Area Hope have?
Saint Ignace Area Hope has 13 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 $235K in total revenue.
Filing History
IRS 990 filing history for Saint Ignace Area Hope showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Saint Ignace Area Hope's revenue has grown by 37.6%, moving from $171K to $235K. Total assets increased by 143.6% over the same period, from $239K to $583K. Total functional expenses rose by 19%, from $146K to $174K. In its most recent filing year (2023), Saint Ignace Area Hope reported a surplus of $61K, with revenue exceeding expenses. The organization holds $73K in liabilities against $583K in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $510K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $174K | $583K | $73K | — | — |
| 2022 | $188K | $164K | $549K | $100K | — | View 990 |
| 2021 | $177K | $136K | $562K | $137K | — | View 990 |
| 2020 | $153K | $125K | $553K | $169K | — | View 990 |
| 2019 | $167K | $145K | $490K | $134K | — | View 990 |
| 2018 | $162K | $144K | $488K | $154K | — | View 990 |
| 2017 | $158K | $140K | $490K | $174K | — | View 990 |
| 2016 | $154K | $140K | $490K | $191K | — | View 990 |
| 2015 | $189K | $143K | $377K | $93K | — | View 990 |
| 2014 | $178K | $138K | $371K | $132K | — | View 990 |
| 2013 | $169K | $143K | $370K | $171K | — | View 990 |
| 2012 | $166K | $158K | $362K | $189K | — | View 990 |
| 2011 | $171K | $146K | $239K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $174K, and assets of $583K (revenue +25.0% year-over-year).
- 2022: Revenue of $188K, expenses of $164K, and assets of $549K (revenue +6.7% year-over-year).
- 2021: Revenue of $177K, expenses of $136K, and assets of $562K (revenue +15.6% year-over-year).
- 2020: Revenue of $153K, expenses of $125K, and assets of $553K (revenue -8.3% year-over-year).
- 2019: Revenue of $167K, expenses of $145K, and assets of $490K (revenue +2.7% year-over-year).
- 2018: Revenue of $162K, expenses of $144K, and assets of $488K (revenue +2.9% year-over-year).
- 2017: Revenue of $158K, expenses of $140K, and assets of $490K (revenue +2.3% year-over-year).
- 2016: Revenue of $154K, expenses of $140K, and assets of $490K (revenue -18.4% year-over-year).
- 2015: Revenue of $189K, expenses of $143K, and assets of $377K (revenue +5.9% year-over-year).
- 2014: Revenue of $178K, expenses of $138K, and assets of $371K (revenue +5.5% year-over-year).
- 2013: Revenue of $169K, expenses of $143K, and assets of $370K (revenue +1.7% year-over-year).
- 2012: Revenue of $166K, expenses of $158K, and assets of $362K (revenue -3.0% year-over-year).
- 2011: Revenue of $171K, expenses of $146K, and assets of $239K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saint Ignace Area Hope:
Data Sources and Methodology
This transparency report for Saint Ignace Area 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.