Sound Of Hope Radio Network Inc
EIN: 721562499 · San Francisco, CA · NTEE: A34
| Metric | Value |
|---|---|
| Total Revenue | $6.4M |
| Total Expenses | $6.8M |
| Net Assets | $18.7M |
Is Sound Of Hope Radio Network Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sound Of Hope Radio Network Inc
Sound Of Hope Radio Network Inc (EIN: 721562499) is a nonprofit organization based in San Francisco, CA, classified under NTEE code A34. The organization reported total revenue of $6.4M and total assets of $22.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sound Of Hope Radio Network Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sound Of Hope Radio Network Inc is a mid-size nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 19.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-450,425 |
| Total Assets | $22.5M |
| Total Liabilities | $3.9M |
| Net Assets | $18.7M |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 39.6 months |
Financial Health Grade: B
In 2023, Sound Of Hope Radio Network Inc reported a deficit of $450K with expenses exceeding revenue, holds 39.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Sound Of Hope Radio Network Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.8% | -19.5% | +0.6% |
| 2022 | -14.6% | +32.1% | -27.1% |
| 2021 | -10.0% | +21.6% | +6.8% |
| 2020 | +64.8% | +26.8% | +23.9% |
| 2019 | +5.2% | +14.0% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sound Of Hope Radio Network 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 Sound Of Hope Radio Network 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 $450K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.2%.
Frequently Asked Questions about Sound Of Hope Radio Network Inc
Is Sound Of Hope Radio Network Inc a legitimate charity?
Sound Of Hope Radio Network Inc (EIN: 721562499) is a registered tax-exempt nonprofit based in California. It has 14 years of IRS 990 filings on record. Total revenue: $6.4M. No red flags identified. Financial health grade: B.
How does Sound Of Hope Radio Network Inc spend its money?
Sound Of Hope Radio Network Inc reported $6.4M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sound Of Hope Radio Network Inc tax-deductible?
Sound Of Hope Radio Network Inc is registered as a tax-exempt nonprofit (EIN: 721562499). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sound Of Hope Radio Network Inc located?
Sound Of Hope Radio Network Inc is headquartered in San Francisco, California and files with the IRS under EIN 721562499. It is classified under NTEE code A34.
How many years of IRS 990 filings does Sound Of Hope Radio Network Inc have?
Sound Of Hope Radio Network Inc has 14 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 $6.4M in total revenue.
Filing History
IRS 990 filing history for Sound Of Hope Radio Network Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Sound Of Hope Radio Network Inc's revenue has grown by 867.6%, moving from $660K to $6.4M. Total assets increased by 10989.9% over the same period, from $203K to $22.5M. Total functional expenses rose by 1075.7%, from $581K to $6.8M. In its most recent filing year (2023), Sound Of Hope Radio Network Inc reported a deficit of $450K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $22.5M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $18.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $6.8M | $22.5M | $3.9M | — | — |
| 2022 | $5.2M | $8.5M | $22.4M | $4.1M | — | — |
| 2021 | $6.1M | $6.4M | $30.7M | $7.7M | — | View 990 |
| 2020 | $6.8M | $5.3M | $28.8M | $6.0M | — | — |
| 2019 | $4.1M | $4.2M | $23.2M | $2.1M | — | View 990 |
| 2018 | $3.9M | $3.7M | $21.1M | $1.9M | — | View 990 |
| 2017 | $24.1M | $6.1M | $21.1M | $800K | — | View 990 |
| 2016 | $3.4M | $2.4M | $3.7M | $1.5M | — | View 990 |
| 2015 | $2.0M | $1.5M | $2.5M | $1.4M | — | View 990 |
| 2014 | $1.9M | $1.4M | $1.3M | $633K | — | View 990 |
| 2013 | $1.3M | $1.3M | $455K | $216K | — | View 990 |
| 2012 | $1.6M | $1.2M | $537K | $310K | — | View 990 |
| 2011 | $662K | $922K | $193K | $266K | — | View 990 |
| 2010 | $660K | $581K | $203K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $6.8M, and assets of $22.5M (revenue +22.8% year-over-year).
- 2022: Revenue of $5.2M, expenses of $8.5M, and assets of $22.4M (revenue -14.6% year-over-year).
- 2021: Revenue of $6.1M, expenses of $6.4M, and assets of $30.7M (revenue -10.0% year-over-year).
- 2020: Revenue of $6.8M, expenses of $5.3M, and assets of $28.8M (revenue +64.8% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.2M, and assets of $23.2M (revenue +5.2% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.7M, and assets of $21.1M (revenue -83.8% year-over-year).
- 2017: Revenue of $24.1M, expenses of $6.1M, and assets of $21.1M (revenue +607.5% year-over-year).
- 2016: Revenue of $3.4M, expenses of $2.4M, and assets of $3.7M (revenue +70.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.5M, and assets of $2.5M (revenue +5.8% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.4M, and assets of $1.3M (revenue +44.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $455K (revenue -16.5% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.2M, and assets of $537K (revenue +135.9% year-over-year).
- 2011: Revenue of $662K, expenses of $922K, and assets of $193K (revenue +0.3% year-over-year).
- 2010: Revenue of $660K, expenses of $581K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sound Of Hope Radio Network Inc:
Data Sources and Methodology
This transparency report for Sound Of Hope Radio Network 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.