Serving Hope Inc
EIN: 812023948 · Huntsville, AL · NTEE: B28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $692K |
| Net Assets | $403K |
Is Serving 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 Serving Hope Inc
Serving Hope Inc (EIN: 812023948) is a nonprofit organization based in Huntsville, AL, classified under NTEE code B28. The organization reported total revenue of $2.1M and total assets of $486K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Serving Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Serving Hope Inc is a mid-size nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2017–2020). Revenue has grown at a compound annual rate of 63.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $692K |
| Surplus / Deficit | +$338K |
| Total Assets | $486K |
| Total Liabilities | $83K |
| Net Assets | $403K |
| Operating Margin | 32.8% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2020, Serving Hope Inc reported a surplus of $338K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 4 years of filings (2017–2020), Serving Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 63.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +102.8% | +19.6% | +37.9% |
| 2019 | -16.7% | +8.1% | +59.9% |
| 2018 | +159.4% | +208.2% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Serving 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 Serving 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $338K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.0%.
Frequently Asked Questions about Serving Hope Inc
Is Serving Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Serving Hope Inc (EIN: 812023948) insufficient data. 0 red flags identified, 0 strengths noted.
How does Serving Hope Inc spend its money?
Detailed spending breakdown data is not yet available for Serving Hope Inc. Check back for updated IRS 990 analysis.
Are donations to Serving Hope Inc tax-deductible?
Serving Hope Inc is registered as a tax-exempt nonprofit (EIN: 812023948). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Serving Hope Inc located?
Serving Hope Inc is headquartered in Huntsville, Alabama and files with the IRS under EIN 812023948. It is classified under NTEE code B28.
How many years of IRS 990 filings does Serving Hope Inc have?
Serving Hope Inc has 4 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 $2.1M in total revenue.
Filing History
IRS 990 filing history for Serving Hope Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2017–2020), Serving Hope Inc's revenue has grown by 338.3%, moving from $235K to $1.0M. Total assets increased by 137.6% over the same period, from $204K to $486K. Total functional expenses rose by 298.6%, from $174K to $692K. In its most recent filing year (2020), Serving Hope Inc reported a surplus of $338K, with revenue exceeding expenses. The organization holds $83K in liabilities against $486K in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.0M | $692K | $486K | $83K | — | View 990 |
| 2019 | $508K | $578K | $352K | $287K | — | View 990 |
| 2018 | $609K | $535K | $220K | $84K | — | View 990 |
| 2017 | $235K | $174K | $204K | $143K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.0M, expenses of $692K, and assets of $486K (revenue +102.8% year-over-year).
- 2019: Revenue of $508K, expenses of $578K, and assets of $352K (revenue -16.7% year-over-year).
- 2018: Revenue of $609K, expenses of $535K, and assets of $220K (revenue +159.4% year-over-year).
- 2017: Revenue of $235K, expenses of $174K, and assets of $204K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Serving Hope Inc:
Data Sources and Methodology
This transparency report for Serving 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.