Star Of Hope Ministries Inc
Star Of Hope Ministries: Consistent Program Spending, Modest Growth
EIN: 221489912 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $694K |
| Transparency Score | 75/100 |
Is Star Of Hope Ministries Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Star Of Hope Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Star Of Hope Ministries Inc
Star Of Hope Ministries Inc (EIN: 221489912) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $2.0M and total assets of $754K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Star Of Hope Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Star Of Hope Ministries Inc is a mid-size nonprofit that has been operating for 83 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$28K |
| Total Assets | $754K |
| Total Liabilities | $60K |
| Net Assets | $694K |
| Operating Margin | 1.4% |
| Debt-to-Asset Ratio | 8.0% |
| Months of Reserves | 4.5 months |
Financial Health Grade: A
In 2021, Star Of Hope Ministries Inc reported a surplus of $28K with revenue exceeding expenses, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 8.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Star Of Hope Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -8.9% | +0.4% | +9.2% |
| 2020 | +18.2% | +12.2% | +43.9% |
| 2019 | +32.5% | +20.2% | +6.9% |
| 2018 | -1.3% | +1.2% | +4.3% |
| 2017 | +6.9% | +0.6% | -14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1943 |
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 Star Of Hope Ministries Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Star Of Hope Ministries Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
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.
Strengths
The following positive indicators were identified for Star Of Hope Ministries Inc:
- Consistently high program spending, averaging around 85% of total expenses.
- Healthy asset growth from $430,593 in 2017 to $754,217 in 2021.
- Maintained positive net assets over the past several years, indicating financial stability.
Frequently Asked Questions about Star Of Hope Ministries Inc
Is Star Of Hope Ministries Inc a legitimate charity?
Star Of Hope Ministries Inc (EIN: 221489912) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Star Of Hope Ministries Inc spend its money?
Star Of Hope Ministries Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Star Of Hope Ministries Inc tax-deductible?
Star Of Hope Ministries Inc is registered as a tax-exempt nonprofit (EIN: 221489912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Star Of Hope Ministries Inc's spending goes to programs?
Star Of Hope Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Star Of Hope Ministries Inc located?
Star Of Hope Ministries Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 221489912.
How many years of IRS 990 filings does Star Of Hope Ministries Inc have?
Star Of Hope Ministries Inc has 11 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 $2.0M in total revenue.
What does Star Of Hope Ministries Inc do?
Star Of Hope Ministries Inc is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Star Of Hope Ministries Inc have?
Star Of Hope Ministries Inc reported total revenue of $2,042,128. Based on 11 IRS 990 filings on record.
What are Star Of Hope Ministries Inc's total assets?
Star Of Hope Ministries Inc holds total assets of $754,217 as reported in IRS 990 filings.
Where is Star Of Hope Ministries Inc located?
Star Of Hope Ministries Inc is based in Paterson, New Jersey.
What is Star Of Hope Ministries Inc's EIN?
Star Of Hope Ministries Inc's Employer Identification Number (EIN) is 221489912. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Star Of Hope Ministries Inc?
Star Of Hope Ministries Inc is classified under NTEE code Unknown (Unknown).
Is Star Of Hope Ministries Inc a registered 501(c)(3)?
Star Of Hope Ministries Inc appears in IRS records (EIN: 221489912). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Star Of Hope Ministries Inc file IRS Form 990?
Yes, Star Of Hope Ministries Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202112.
What was Star Of Hope Ministries Inc's revenue in 2021?
In the 202112 filing period, Star Of Hope Ministries Inc reported total revenue of $2,042,128, total expenses of $2,014,262, and net assets of $754,217.
Is Star Of Hope Ministries Inc's revenue growing or declining?
Star Of Hope Ministries Inc's revenue is declining. Revenue went from $2,240,713 (202012) to $2,042,128 (202112), a -8.9% change. Based on 11 filings on record.
What is Star Of Hope Ministries Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Star Of Hope Ministries Inc covers tax period 202112. It shows revenue of $2,042,128, expenses of $2,014,262, total assets of $754,217, and liabilities of $60,388.
How much does Star Of Hope Ministries Inc spend on programs vs administration?
Based on IRS 990 analysis, Star Of Hope Ministries Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Star Of Hope Ministries Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Star Of Hope Ministries Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Star Of Hope Ministries Inc's strengths?
Positive indicators for Star Of Hope Ministries Inc include: Consistently high program spending, averaging around 85% of total expenses.. Healthy asset growth from $430,593 in 2017 to $754,217 in 2021.. Maintained positive net assets over the past several years, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Star Of Hope Ministries Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Star Of Hope Ministries managed to maintain a high program spending percentage despite fluctuations in revenue?
The organization consistently allocates a significant portion of its expenses to programs, with administrative and fundraising costs remaining relatively low. For example, in 2021, out of $2,014,262 in expenses, approximately $1,712,123 (85%) was directed towards programs, demonstrating a strong commitment to its mission even with varying revenue streams.
Filing History
IRS 990 filing history for Star Of Hope Ministries Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Star Of Hope Ministries Inc's revenue has grown by 349.1%, moving from $455K to $2.0M. Total assets increased by 30.2% over the same period, from $579K to $754K. Total functional expenses rose by 300%, from $504K to $2.0M. In its most recent filing year (2021), Star Of Hope Ministries Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $60K in liabilities against $754K in assets (debt-to-asset ratio: 8.0%), resulting in net assets of $694K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $2.0M | $2.0M | $754K | $60K | — | — |
| 2020 | $2.2M | $2.0M | $691K | $25K | — | — |
| 2019 | $1.9M | $1.8M | $480K | $49K | — | View 990 |
| 2018 | $1.4M | $1.5M | $449K | $126K | — | View 990 |
| 2017 | $1.4M | $1.5M | $431K | $51K | — | View 990 |
| 2016 | $1.4M | $1.5M | $504K | $103K | — | View 990 |
| 2015 | $1.4M | $1.4M | $580K | $73K | — | View 990 |
| 2014 | $1.5M | $1.5M | $550K | $48K | — | View 990 |
| 2013 | $556K | $520K | $530K | $22K | — | View 990 |
| 2012 | $423K | $511K | $528K | $64K | — | View 990 |
| 2011 | $455K | $504K | $579K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $2.0M, expenses of $2.0M, and assets of $754K (revenue -8.9% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.0M, and assets of $691K (revenue +18.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.8M, and assets of $480K (revenue +32.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $449K (revenue -1.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $431K (revenue +6.9% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $504K (revenue -1.3% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $580K (revenue -6.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $550K (revenue +164.1% year-over-year).
- 2013: Revenue of $556K, expenses of $520K, and assets of $530K (revenue +31.4% year-over-year).
- 2012: Revenue of $423K, expenses of $511K, and assets of $528K (revenue -7.0% year-over-year).
- 2011: Revenue of $455K, expenses of $504K, and assets of $579K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Star Of Hope Ministries Inc:
Data Sources and Methodology
This transparency report for Star Of Hope Ministries 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.