Spruce Street House Of Hope Inc
Spruce Street House Of Hope Inc. consistently operates at a deficit, drawing down significant assets over the past decade.
EIN: 208088951 · Nashville, TN · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $145K |
| Total Expenses | $201K |
| Program Spending | 70% |
| Net Assets | $2.0M |
| Transparency Score | 65/100 |
Is Spruce Street House Of Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spruce Street House Of Hope Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Spruce Street House Of Hope Inc
Spruce Street House Of Hope Inc (EIN: 208088951) is a nonprofit organization based in Nashville, TN, classified under NTEE code L210. The organization reported total revenue of $145K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spruce Street House Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spruce Street House Of Hope Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $201K |
| Surplus / Deficit | $-67,595 |
| Total Assets | $2.0M |
| Total Liabilities | $35K |
| Net Assets | $2.0M |
| Operating Margin | -50.7% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 121.1 months |
Financial Health Grade: B
In 2022, Spruce Street House Of Hope Inc reported a deficit of $68K with expenses exceeding revenue, holds 121.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Spruce Street House Of Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -10.8% | -5.2% | -3.0% |
| 2021 | -1.1% | +1.0% | -2.9% |
| 2020 | +5.4% | +0.1% | -2.8% |
| 2019 | +3.2% | -3.2% | -2.8% |
| 2018 | +0.8% | +6.5% | -3.0% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spruce Street House Of Hope Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Spruce Street House Of Hope Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no reportable compensation, which is a positive sign for resource allocation given the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Spruce Street House Of Hope Inc's IRS 990 filings:
- Consistent operational deficits, with expenses regularly exceeding revenue (e.g., $201,034 expenses vs. $133,439 revenue in 2022).
- Steady decline in total assets over the past decade, from $2,615,370 in 2013 to $1,888,601 currently, suggesting reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Spruce Street House Of Hope Inc:
- No reported officer compensation across all filings, indicating efficient use of funds at the leadership level.
- Maintains a substantial asset base ($1,888,601) relative to its annual expenses, providing financial stability despite deficits.
- Consistent filing of IRS 990s over 12 periods demonstrates good regulatory compliance and transparency.
Frequently Asked Questions about Spruce Street House Of Hope Inc
Is Spruce Street House Of Hope Inc a legitimate charity?
Spruce Street House Of Hope Inc (EIN: 208088951) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $145K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Spruce Street House Of Hope Inc spend its money?
Spruce Street House Of Hope Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Spruce Street House Of Hope Inc tax-deductible?
Spruce Street House Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 208088951). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spruce Street House Of Hope Inc's spending goes to programs?
Spruce Street House Of Hope Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Spruce Street House Of Hope Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Spruce Street House Of Hope Inc is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spruce Street House Of Hope Inc located?
Spruce Street House Of Hope Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 208088951. It is classified under NTEE code L210.
How many years of IRS 990 filings does Spruce Street House Of Hope Inc have?
Spruce Street House Of Hope Inc has 12 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 $145K in total revenue.
Why does the organization consistently operate at a deficit?
The provided data shows that expenses consistently exceed revenue, for example, $201,034 in expenses versus $133,439 in revenue in 2022. This suggests an ongoing operational shortfall.
What is the long-term plan for addressing the declining asset base?
Assets have decreased from $2,615,370 in 2013 to $1,888,601 currently, indicating a steady draw-down. The organization should clarify its strategy for financial sustainability.
What percentage of expenses are allocated directly to program services?
The provided summary data does not detail the breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess program efficiency accurately.
Filing History
IRS 990 filing history for Spruce Street House Of Hope Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Spruce Street House Of Hope Inc's revenue has grown by 37.8%, moving from $97K to $133K. Total assets decreased by 24.8% over the same period, from $2.7M to $2.0M. Total functional expenses rose by 19.2%, from $169K to $201K. In its most recent filing year (2022), Spruce Street House Of Hope Inc reported a deficit of $68K, with expenses exceeding revenue. The organization holds $35K in liabilities against $2.0M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $133K | $201K | $2.0M | $35K | — | View 990 |
| 2021 | $150K | $212K | $2.1M | $27K | — | View 990 |
| 2020 | $151K | $210K | $2.2M | $27K | — | — |
| 2019 | $144K | $210K | $2.2M | $30K | — | View 990 |
| 2018 | $139K | $217K | $2.3M | $29K | — | View 990 |
| 2017 | $138K | $204K | $2.4M | $22K | — | View 990 |
| 2016 | $131K | $202K | $2.4M | $24K | — | View 990 |
| 2015 | $130K | $182K | $2.5M | $20K | — | View 990 |
| 2014 | $131K | $190K | $2.5M | $21K | — | View 990 |
| 2013 | $133K | $187K | $2.6M | $28K | — | View 990 |
| 2012 | $128K | $168K | $2.6M | $38K | — | View 990 |
| 2011 | $97K | $169K | $2.7M | $101K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $133K, expenses of $201K, and assets of $2.0M (revenue -10.8% year-over-year).
- 2021: Revenue of $150K, expenses of $212K, and assets of $2.1M (revenue -1.1% year-over-year).
- 2020: Revenue of $151K, expenses of $210K, and assets of $2.2M (revenue +5.4% year-over-year).
- 2019: Revenue of $144K, expenses of $210K, and assets of $2.2M (revenue +3.2% year-over-year).
- 2018: Revenue of $139K, expenses of $217K, and assets of $2.3M (revenue +0.8% year-over-year).
- 2017: Revenue of $138K, expenses of $204K, and assets of $2.4M (revenue +5.7% year-over-year).
- 2016: Revenue of $131K, expenses of $202K, and assets of $2.4M (revenue +0.7% year-over-year).
- 2015: Revenue of $130K, expenses of $182K, and assets of $2.5M (revenue -1.2% year-over-year).
- 2014: Revenue of $131K, expenses of $190K, and assets of $2.5M (revenue -1.2% year-over-year).
- 2013: Revenue of $133K, expenses of $187K, and assets of $2.6M (revenue +4.0% year-over-year).
- 2012: Revenue of $128K, expenses of $168K, and assets of $2.6M (revenue +31.9% year-over-year).
- 2011: Revenue of $97K, expenses of $169K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spruce Street House Of Hope Inc:
Data Sources and Methodology
This transparency report for Spruce Street House Of 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.