Well Of Hope America
EIN: 460608625 · Covington, OH · NTEE: Q33
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $374K |
| Net Assets | $5K |
Is Well Of Hope America Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Well Of Hope America
Well Of Hope America (EIN: 460608625) is a nonprofit organization based in Covington, OH, classified under NTEE code Q33. The organization reported total revenue of $335K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Well Of Hope America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Well Of Hope America is a small nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 24.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $370K |
| Total Expenses | $374K |
| Surplus / Deficit | $-4,294 |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | -1.2% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2023, Well Of Hope America reported a deficit of $4K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 16 years of filings (2008–2023), Well Of Hope America's revenue has grown at a compound annual growth rate (CAGR) of 24.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +96.8% | +80.9% | -46.5% |
| 2022 | +3.7% | -5.8% | -67.2% |
| 2021 | +31.2% | +117.3% | -57.6% |
| 2020 | -29.1% | -40.6% | +127.2% |
| 2019 | -5.4% | -21.0% | +580.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Well Of Hope America 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 Well Of Hope America 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 $4K, with expenses exceeding revenue.
Frequently Asked Questions about Well Of Hope America
Is Well Of Hope America a legitimate charity?
Well Of Hope America (EIN: 460608625) is a registered tax-exempt nonprofit based in Ohio. It has 16 years of IRS 990 filings on record. Total revenue: $335K. No red flags identified. Financial health grade: C.
How does Well Of Hope America spend its money?
Well Of Hope America reported $335K in total revenue in IRS 990 filings. 16 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Well Of Hope America tax-deductible?
Well Of Hope America is registered as a tax-exempt nonprofit (EIN: 460608625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Well Of Hope America located?
Well Of Hope America is headquartered in Covington, Ohio and files with the IRS under EIN 460608625. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Well Of Hope America have?
Well Of Hope America has 16 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 $335K in total revenue.
Filing History
IRS 990 filing history for Well Of Hope America showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Well Of Hope America's revenue has grown by 2624.1%, moving from $14K to $370K. Total assets increased by 128.8% over the same period, from $2K to $5K. Total functional expenses rose by 2564.1%, from $14K to $374K. In its most recent filing year (2023), Well Of Hope America reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $370K | $374K | $5K | $0 | — | — |
| 2022 | $188K | $207K | $9K | $0 | — | View 990 |
| 2021 | $181K | $220K | $28K | $0 | — | View 990 |
| 2020 | $138K | $101K | $66K | $0 | — | — |
| 2019 | $195K | $170K | $29K | $0 | — | View 990 |
| 2018 | $206K | $215K | $4K | $0 | — | View 990 |
| 2017 | $147K | $147K | $14K | $0 | — | View 990 |
| 2016 | $210K | $210K | $14K | $0 | — | View 990 |
| 2015 | $104K | $96K | $14K | $0 | — | View 990 |
| 2014 | $107K | $102K | $6K | $0 | — | View 990 |
| 2013 | $22K | $26K | $1K | $0 | — | View 990 |
| 2012 | $17K | $15K | $6K | $0 | — | View 990 |
| 2011 | $15K | $16K | $3K | $0 | — | — |
| 2010 | $10K | $8K | $4K | $0 | — | — |
| 2009 | $14K | $15K | $2K | $0 | — | — |
| 2008 | $14K | $14K | $2K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $370K, expenses of $374K, and assets of $5K (revenue +96.8% year-over-year).
- 2022: Revenue of $188K, expenses of $207K, and assets of $9K (revenue +3.7% year-over-year).
- 2021: Revenue of $181K, expenses of $220K, and assets of $28K (revenue +31.2% year-over-year).
- 2020: Revenue of $138K, expenses of $101K, and assets of $66K (revenue -29.1% year-over-year).
- 2019: Revenue of $195K, expenses of $170K, and assets of $29K (revenue -5.4% year-over-year).
- 2018: Revenue of $206K, expenses of $215K, and assets of $4K (revenue +40.5% year-over-year).
- 2017: Revenue of $147K, expenses of $147K, and assets of $14K (revenue -30.1% year-over-year).
- 2016: Revenue of $210K, expenses of $210K, and assets of $14K (revenue +101.9% year-over-year).
- 2015: Revenue of $104K, expenses of $96K, and assets of $14K (revenue -2.7% year-over-year).
- 2014: Revenue of $107K, expenses of $102K, and assets of $6K (revenue +388.4% year-over-year).
- 2013: Revenue of $22K, expenses of $26K, and assets of $1K (revenue +28.4% year-over-year).
- 2012: Revenue of $17K, expenses of $15K, and assets of $6K (revenue +10.3% year-over-year).
- 2011: Revenue of $15K, expenses of $16K, and assets of $3K (revenue +49.0% year-over-year).
- 2010: Revenue of $10K, expenses of $8K, and assets of $4K (revenue -27.9% year-over-year).
- 2009: Revenue of $14K, expenses of $15K, and assets of $2K (revenue +6.0% year-over-year).
- 2008: Revenue of $14K, expenses of $14K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Well Of Hope America:
Data Sources and Methodology
This transparency report for Well Of Hope America 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.