Sharas Hope Inc
EIN: 823536868 · Louisville, KY · NTEE: P80
| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $88K |
| Net Assets | $11K |
Is Sharas 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 Sharas Hope Inc
Sharas Hope Inc (EIN: 823536868) is a nonprofit organization based in Louisville, KY, classified under NTEE code P80. The organization reported total revenue of $80K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sharas Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sharas Hope Inc is a micro nonprofit that has been operating for 8 years, with 3 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 20.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $60K |
| Total Expenses | $88K |
| Surplus / Deficit | $-27,569 |
| Total Assets | $13K |
| Total Liabilities | $2K |
| Net Assets | $11K |
| Operating Margin | -45.9% |
| Debt-to-Asset Ratio | 14.0% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, Sharas Hope Inc reported a deficit of $28K with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 14.0% (very low leverage).
Financial Trends
Over 3 years of filings (2017–2023), Sharas Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.9% | +27.2% | -70.2% |
| 2022 | +425.0% | — | +123.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sharas 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 Sharas 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 deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.0%.
Frequently Asked Questions about Sharas Hope Inc
Is Sharas Hope Inc a legitimate charity?
Sharas Hope Inc (EIN: 823536868) is a registered tax-exempt nonprofit based in Kentucky. It has 3 years of IRS 990 filings on record. Total revenue: $80K. No red flags identified. Financial health grade: C.
How does Sharas Hope Inc spend its money?
Sharas Hope Inc reported $80K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sharas Hope Inc tax-deductible?
Sharas Hope Inc is registered as a tax-exempt nonprofit (EIN: 823536868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sharas Hope Inc located?
Sharas Hope Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 823536868. It is classified under NTEE code P80.
How many years of IRS 990 filings does Sharas Hope Inc have?
Sharas Hope Inc has 3 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 $80K in total revenue.
Filing History
IRS 990 filing history for Sharas Hope Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2017–2023), Sharas Hope Inc's revenue has grown by 200%, moving from $20K to $60K. Total assets decreased by 33.6% over the same period, from $20K to $13K. In its most recent filing year (2023), Sharas Hope Inc reported a deficit of $28K, with expenses exceeding revenue. The organization holds $2K in liabilities against $13K in assets (debt-to-asset ratio: 14.0%), resulting in net assets of $11K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $60K | $88K | $13K | $2K | — | — |
| 2022 | $105K | $69K | $45K | $6K | — | — |
| 2017 | $20K | $0 | $20K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $60K, expenses of $88K, and assets of $13K (revenue -42.9% year-over-year).
- 2022: Revenue of $105K, expenses of $69K, and assets of $45K (revenue +425.0% year-over-year).
- 2017: Revenue of $20K, expenses of $0, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sharas Hope Inc:
Data Sources and Methodology
This transparency report for Sharas 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.