Together In Hope Project
EIN: 823695283 · Minneapolis, MN · NTEE: A6B
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $58K |
| Net Assets | $710 |
Is Together In Hope Project Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Together In Hope Project
Together In Hope Project (EIN: 823695283) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code A6B. The organization reported total revenue of $130K and total assets of $17K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Together In Hope Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Together In Hope Project is a small nonprofit that has been operating for 7 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of -30.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $58K |
| Surplus / Deficit | $-9,300 |
| Total Assets | $11K |
| Total Liabilities | $10K |
| Net Assets | $710 |
| Operating Margin | -19.3% |
| Debt-to-Asset Ratio | 93.4% |
| Months of Reserves | 2.2 months |
Financial Health Grade: D
In 2023, Together In Hope Project reported a deficit of $9K with expenses exceeding revenue, holds 2.2 months of operating reserves (limited), has a debt-to-asset ratio of 93.4% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Together In Hope Project's revenue has declined at a compound annual growth rate (CAGR) of -30.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -78.1% | -75.1% | +7.0% |
| 2022 | +263.9% | +156.3% | -51.7% |
| 2021 | -13.2% | +194.7% | -58.8% |
| 2020 | +198.9% | -29.3% | +350.3% |
| 2019 | -92.2% | -83.9% | -64.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Together In Hope Project 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 Together In Hope Project 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 $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.4%.
Frequently Asked Questions about Together In Hope Project
Is Together In Hope Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Together In Hope Project (EIN: 823695283) insufficient data. 0 red flags identified, 0 strengths noted.
How does Together In Hope Project spend its money?
Detailed spending breakdown data is not yet available for Together In Hope Project. Check back for updated IRS 990 analysis.
Are donations to Together In Hope Project tax-deductible?
Together In Hope Project is registered as a tax-exempt nonprofit (EIN: 823695283). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Together In Hope Project located?
Together In Hope Project is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 823695283. It is classified under NTEE code A6B.
How many years of IRS 990 filings does Together In Hope Project have?
Together In Hope Project has 6 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 $130K in total revenue.
Filing History
IRS 990 filing history for Together In Hope Project showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Together In Hope Project's revenue has declined by 83.9%, moving from $300K to $48K. Total assets decreased by 65.6% over the same period, from $31K to $11K. Total functional expenses fell by 78.6%, from $269K to $58K. In its most recent filing year (2023), Together In Hope Project reported a deficit of $9K, with expenses exceeding revenue. The organization holds $10K in liabilities against $11K in assets (debt-to-asset ratio: 93.4%), resulting in net assets of $710.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $58K | $11K | $10K | — | View 990 |
| 2022 | $220K | $231K | $10K | $0 | — | View 990 |
| 2021 | $61K | $90K | $21K | $0 | — | — |
| 2020 | $70K | $31K | $50K | $0 | — | View 990 |
| 2019 | $23K | $43K | $11K | $0 | — | View 990 |
| 2018 | $300K | $269K | $31K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $58K, and assets of $11K (revenue -78.1% year-over-year).
- 2022: Revenue of $220K, expenses of $231K, and assets of $10K (revenue +263.9% year-over-year).
- 2021: Revenue of $61K, expenses of $90K, and assets of $21K (revenue -13.2% year-over-year).
- 2020: Revenue of $70K, expenses of $31K, and assets of $50K (revenue +198.9% year-over-year).
- 2019: Revenue of $23K, expenses of $43K, and assets of $11K (revenue -92.2% year-over-year).
- 2018: Revenue of $300K, expenses of $269K, and assets of $31K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Together In Hope Project:
Data Sources and Methodology
This transparency report for Together In Hope Project 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.