Vigilant Hope Inc
Vigilant Hope Inc shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 205804466 · Wilmington, NC · NTEE: S20 · Updated: 2026-03-28
Is Vigilant Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vigilant Hope Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vigilant Hope Inc
Vigilant Hope Inc (EIN: 205804466) is a nonprofit organization based in Wilmington, NC, classified under NTEE code S20. The organization reported total revenue of $902K and total assets of $484K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vigilant Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vigilant Hope Inc is a small nonprofit that has been operating for 12 years, with 10 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 29.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $921K |
| Total Expenses | $878K |
| Surplus / Deficit | +$43K |
| Total Assets | $526K |
| Total Liabilities | $169K |
| Net Assets | $357K |
| Operating Margin | 4.6% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 7.2 months |
Financial Health Grade: A
In 2023, Vigilant Hope Inc reported a surplus of $43K with revenue exceeding expenses, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2015–2023), Vigilant Hope Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.9% | +34.1% | +122.5% |
| 2022 | +0.5% | +2.9% | -11.4% |
| 2021 | +32.9% | +45.4% | +30.4% |
| 2020 | +54.2% | +36.4% | +119.4% |
| 2019 | +32.9% | +41.4% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 2014 |
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 Vigilant Hope Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Vigilant Hope Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.1%.
Executive Compensation Analysis
Vigilant Hope Inc has consistently reported 0% officer compensation across all ten IRS 990 filings, indicating that no salaries were paid to officers. This is highly unusual for an organization of its size, especially with 2023 revenues exceeding $921,000, suggesting a volunteer-led executive team or that compensation is categorized differently, which would warrant further investigation for full transparency.
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 Vigilant Hope Inc's IRS 990 filings:
- Unusually low liabilities in some periods (e.g., $-259 in 201712) may indicate reporting anomalies or specific accounting practices that could warrant further review.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data limits a precise assessment of spending efficiency, despite the 0% officer compensation.
Strengths
The following positive indicators were identified for Vigilant Hope Inc:
- Consistent and significant revenue growth over a decade, from $119,092 in 2015 to $921,092 in 2023.
- Healthy accumulation of assets, growing from $32,034 in 2015 to $525,575 in 2023, indicating financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting a high proportion of funds are directed to programs.
- Consistent operational surpluses, with revenues generally exceeding expenses in most periods, demonstrating sound financial management.
- Long history of IRS 990 filings (10 filings), indicating good compliance and transparency.
Frequently Asked Questions about Vigilant Hope Inc
Is Vigilant Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vigilant Hope Inc (EIN: 205804466) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Vigilant Hope Inc spend its money?
Vigilant Hope Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vigilant Hope Inc tax-deductible?
Vigilant Hope Inc is registered as a tax-exempt nonprofit (EIN: 205804466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Vigilant Hope Inc a good charity?
Based on the provided data, Vigilant Hope Inc appears to be a very good charity. It demonstrates strong financial growth, consistent surpluses, and notably reports 0% officer compensation across all filings, suggesting a high dedication of funds to its mission.
How has Vigilant Hope Inc's financial health changed over time?
Vigilant Hope Inc has experienced significant financial growth, with revenue increasing from $119,092 in 2015 to $921,092 in 2023, and assets growing from $32,034 to $525,575 over the same period. This indicates robust and sustained financial health.
What is Vigilant Hope Inc's approach to executive compensation?
Vigilant Hope Inc has consistently reported 0% officer compensation in all its IRS 990 filings, indicating that no salaries were paid to its officers. This suggests a volunteer-driven leadership model or that executive compensation is structured in a way not reported under 'officer compensation'.
Filing History
IRS 990 filing history for Vigilant Hope Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2015–2023), Vigilant Hope Inc's revenue has grown by 673.4%, moving from $119K to $921K. Total assets increased by 1540.7% over the same period, from $32K to $526K. Total functional expenses rose by 888.4%, from $89K to $878K. In its most recent filing year (2023), Vigilant Hope Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $169K in liabilities against $526K in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $357K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $921K | $878K | $526K | $169K | — | — |
| 2022 | $678K | $655K | $236K | $23K | — | View 990 |
| 2021 | $674K | $636K | $267K | $76K | — | — |
| 2020 | $507K | $438K | $204K | $52K | — | — |
| 2019 | $329K | $321K | $93K | $10K | — | View 990 |
| 2018 | $248K | $227K | $84K | $9K | — | View 990 |
| 2017 | $100K | $117K | $54K | $-259 | — | View 990 |
| 2017 | $198K | $178K | $72K | $2K | — | View 990 |
| 2016 | $152K | $131K | $52K | $2K | — | View 990 |
| 2015 | $119K | $89K | $32K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $921K, expenses of $878K, and assets of $526K (revenue +35.9% year-over-year).
- 2022: Revenue of $678K, expenses of $655K, and assets of $236K (revenue +0.5% year-over-year).
- 2021: Revenue of $674K, expenses of $636K, and assets of $267K (revenue +32.9% year-over-year).
- 2020: Revenue of $507K, expenses of $438K, and assets of $204K (revenue +54.2% year-over-year).
- 2019: Revenue of $329K, expenses of $321K, and assets of $93K (revenue +32.9% year-over-year).
- 2018: Revenue of $248K, expenses of $227K, and assets of $84K (revenue +146.5% year-over-year).
- 2017: Revenue of $100K, expenses of $117K, and assets of $54K (revenue -49.2% year-over-year).
- 2017: Revenue of $198K, expenses of $178K, and assets of $72K (revenue +30.4% year-over-year).
- 2016: Revenue of $152K, expenses of $131K, and assets of $52K (revenue +27.4% year-over-year).
- 2015: Revenue of $119K, expenses of $89K, and assets of $32K.
Data Sources and Methodology
This transparency report for Vigilant 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.