Voice Of Hope Ministries Inc
Voice Of Hope Ministries Inc sees significant revenue decline over a decade, maintaining 0% officer compensation.
EIN: 205474289 · Fayetteville, AR · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $46K |
| Program Spending | 85% |
| Net Assets | $31K |
| Transparency Score | 75/100 |
Is Voice Of Hope Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Voice Of Hope Ministries Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Voice Of Hope Ministries Inc
Voice Of Hope Ministries Inc (EIN: 205474289) is a nonprofit organization based in Fayetteville, AR. The organization reported total revenue of $59K and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Voice Of Hope Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Voice Of Hope Ministries Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $52K |
| Total Expenses | $46K |
| Surplus / Deficit | +$6K |
| Total Assets | $188K |
| Total Liabilities | $157K |
| Net Assets | $31K |
| Operating Margin | 11.2% |
| Debt-to-Asset Ratio | 83.5% |
| Months of Reserves | 49.4 months |
Financial Health Grade: A
In 2023, Voice Of Hope Ministries Inc reported a surplus of $6K with revenue exceeding expenses, holds 49.4 months of operating reserves (strong position), has a debt-to-asset ratio of 83.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Voice Of Hope Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -13.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.4% | -21.9% | +8.2% |
| 2022 | -15.8% | -31.3% | -3.1% |
| 2021 | -30.7% | +29.9% | -11.0% |
| 2020 | +22.4% | -32.9% | +1007.9% |
| 2019 | -72.0% | -61.8% | -53.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| 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 Voice 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, Voice 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Voice Of Hope Ministries Inc's IRS 990 filings:
- Significant and consistent decline in annual revenue over the past decade, from over $1 million to under $60,000.
- Operating deficits in multiple recent years (e.g., 2021 and 2022), where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Voice Of Hope Ministries Inc:
- Consistent reporting of 0% officer compensation, indicating highly efficient executive leadership costs.
- Maintained operations and asset base despite significant revenue fluctuations.
- Consistent filing of IRS Form 990s, demonstrating transparency.
Frequently Asked Questions about Voice Of Hope Ministries Inc
Is Voice Of Hope Ministries Inc a legitimate charity?
Voice Of Hope Ministries Inc (EIN: 205474289) is a registered tax-exempt nonprofit based in Arkansas. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $59K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Voice Of Hope Ministries Inc spend its money?
Voice 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 Voice Of Hope Ministries Inc tax-deductible?
Voice Of Hope Ministries Inc is registered as a tax-exempt nonprofit (EIN: 205474289). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Voice Of Hope Ministries Inc's spending goes to programs?
Voice Of Hope Ministries Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Voice Of Hope Ministries Inc located?
Voice Of Hope Ministries Inc is headquartered in Fayetteville, Arkansas and files with the IRS under EIN 205474289.
How many years of IRS 990 filings does Voice Of Hope Ministries Inc have?
Voice Of Hope Ministries Inc has 13 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 $59K in total revenue.
Why has Voice Of Hope Ministries Inc's revenue declined so significantly since 2014?
The IRS 990 data shows a consistent downward trend in revenue, from $1,023,231 in 2014 to $51,505 in 2023. The filings themselves do not provide narrative explanations for this decline, but it warrants further investigation into changes in funding sources, program scope, or fundraising effectiveness.
Is the organization financially sustainable given recent operating losses?
In 2021 and 2022, expenses ($85,236 and $58,558 respectively) exceeded revenues ($66,050 and $55,623 respectively), indicating operating losses. While 2023 showed a positive net income, a pattern of losses could challenge long-term sustainability if not addressed through increased revenue or reduced expenses.
What is the primary use of the organization's assets?
The filings show assets of $188,250 in 2023 and $199,178 currently. Without detailed balance sheet information from the full 990 forms, it's difficult to determine the exact composition (e.g., cash, property, investments) or primary use of these assets.
Filing History
IRS 990 filing history for Voice Of Hope Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Voice Of Hope Ministries Inc's revenue has declined by 82.9%, moving from $302K to $52K. Total assets increased by 834.9% over the same period, from $20K to $188K. Total functional expenses fell by 83.8%, from $283K to $46K. In its most recent filing year (2023), Voice Of Hope Ministries Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $157K in liabilities against $188K in assets (debt-to-asset ratio: 83.5%), resulting in net assets of $31K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $52K | $46K | $188K | $157K | — | View 990 |
| 2022 | $56K | $59K | $174K | $149K | — | View 990 |
| 2021 | $66K | $85K | $180K | $151K | — | — |
| 2020 | $95K | $66K | $202K | $154K | — | — |
| 2019 | $78K | $98K | $18K | $516 | — | View 990 |
| 2018 | $278K | $256K | $39K | $2K | — | View 990 |
| 2017 | $481K | $494K | $18K | $3K | — | View 990 |
| 2016 | $682K | $728K | $33K | $4K | — | View 990 |
| 2015 | $747K | $834K | $79K | $4K | — | View 990 |
| 2014 | $1.0M | $875K | $165K | $3K | — | View 990 |
| 2013 | $684K | $674K | $16K | $2K | — | View 990 |
| 2012 | $497K | $514K | $5K | $2K | — | View 990 |
| 2011 | $302K | $283K | $20K | $574 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $52K, expenses of $46K, and assets of $188K (revenue -7.4% year-over-year).
- 2022: Revenue of $56K, expenses of $59K, and assets of $174K (revenue -15.8% year-over-year).
- 2021: Revenue of $66K, expenses of $85K, and assets of $180K (revenue -30.7% year-over-year).
- 2020: Revenue of $95K, expenses of $66K, and assets of $202K (revenue +22.4% year-over-year).
- 2019: Revenue of $78K, expenses of $98K, and assets of $18K (revenue -72.0% year-over-year).
- 2018: Revenue of $278K, expenses of $256K, and assets of $39K (revenue -42.2% year-over-year).
- 2017: Revenue of $481K, expenses of $494K, and assets of $18K (revenue -29.5% year-over-year).
- 2016: Revenue of $682K, expenses of $728K, and assets of $33K (revenue -8.6% year-over-year).
- 2015: Revenue of $747K, expenses of $834K, and assets of $79K (revenue -27.0% year-over-year).
- 2014: Revenue of $1.0M, expenses of $875K, and assets of $165K (revenue +49.5% year-over-year).
- 2013: Revenue of $684K, expenses of $674K, and assets of $16K (revenue +37.6% year-over-year).
- 2012: Revenue of $497K, expenses of $514K, and assets of $5K (revenue +64.8% year-over-year).
- 2011: Revenue of $302K, expenses of $283K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Voice Of Hope Ministries Inc:
Data Sources and Methodology
This transparency report for Voice 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.