There Is Hope Outreach Ministries I
EIN: 61753568 · Bridgeport, CT
| Metric | Value |
|---|---|
| Total Expenses | $67K |
| Net Assets | $19K |
Is There Is Hope Outreach Ministries I Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About There Is Hope Outreach Ministries I
There Is Hope Outreach Ministries I (EIN: 61753568) is a nonprofit organization based in Bridgeport, CT. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of There Is Hope Outreach Ministries I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
There Is Hope Outreach Ministries I is a micro nonprofit, with 3 years of IRS 990 filings on record (2013–2015). Revenue has grown at a compound annual rate of -19.1%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $67K |
| Surplus / Deficit | +$19K |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | 21.7% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2015, There Is Hope Outreach Ministries I reported a surplus of $19K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2013–2015), There Is Hope Outreach Ministries I's revenue has declined at a compound annual growth rate (CAGR) of -19.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +10.7% | -13.2% | +745.9% |
| 2014 | -40.9% | -40.1% | +5.9% |
AI Analysis Pending
AI enrichment for There Is Hope Outreach Ministries I 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 There Is Hope Outreach Ministries I 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
Frequently Asked Questions about There Is Hope Outreach Ministries I
Is There Is Hope Outreach Ministries I a legitimate charity?
There Is Hope Outreach Ministries I (EIN: 61753568) is a registered tax-exempt nonprofit based in Connecticut. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does There Is Hope Outreach Ministries I spend its money?
There Is Hope Outreach Ministries I reported its financials in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to There Is Hope Outreach Ministries I tax-deductible?
There Is Hope Outreach Ministries I is registered as a tax-exempt nonprofit (EIN: 61753568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is There Is Hope Outreach Ministries I located?
There Is Hope Outreach Ministries I is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 61753568.
How many years of IRS 990 filings does There Is Hope Outreach Ministries I have?
There Is Hope Outreach Ministries I has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for There Is Hope Outreach Ministries I showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2015), There Is Hope Outreach Ministries I's revenue has declined by 34.6%, moving from $131K to $85K. Total assets increased by 795.9% over the same period, from $2K to $19K. Total functional expenses fell by 48%, from $128K to $67K. In its most recent filing year (2015), There Is Hope Outreach Ministries I reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $85K | $67K | $19K | $0 | — | View 990 |
| 2014 | $77K | $77K | $2K | $0 | — | View 990 |
| 2013 | $131K | $128K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $85K, expenses of $67K, and assets of $19K (revenue +10.7% year-over-year).
- 2014: Revenue of $77K, expenses of $77K, and assets of $2K (revenue -40.9% year-over-year).
- 2013: Revenue of $131K, expenses of $128K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for There Is Hope Outreach Ministries I:
Data Sources and Methodology
This transparency report for There Is Hope Outreach Ministries I 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.