Workforce Hope Foundation
EIN: 412084591 · West Fargo, ND · NTEE: O50
| Metric | Value |
|---|---|
| Total Expenses | $313 |
| Net Assets | $-86,240 |
Is Workforce Hope Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Workforce Hope Foundation
Workforce Hope Foundation (EIN: 412084591) is a nonprofit organization based in West Fargo, ND, classified under NTEE code O50. 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 Workforce Hope Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Workforce Hope Foundation is a micro nonprofit that has been operating for 20 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of -57.5%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $313 |
| Total Expenses | $313 |
| Surplus / Deficit | +$0 |
| Total Assets | $10K |
| Total Liabilities | $96K |
| Net Assets | $-86,240 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 962.4% |
| Months of Reserves | 383.4 months |
Financial Health Grade: B
In 2017, Workforce Hope Foundation reported a surplus of $0 with revenue exceeding expenses, holds 383.4 months of operating reserves (strong position), has a debt-to-asset ratio of 962.4% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Workforce Hope Foundation's revenue has declined at a compound annual growth rate (CAGR) of -57.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +1.6% | +1.6% | +0.0% |
| 2016 | +2.0% | +0.3% | +0.0% |
| 2015 | +3.1% | +4.8% | +-0.0% |
| 2014 | +3562.5% | — | +0.0% |
| 2013 | -99.8% | -100.0% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Workforce Hope Foundation 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 Workforce Hope Foundation 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 962.4%.
Frequently Asked Questions about Workforce Hope Foundation
Is Workforce Hope Foundation a legitimate charity?
Workforce Hope Foundation (EIN: 412084591) is a registered tax-exempt nonprofit based in North Dakota. It has 7 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does Workforce Hope Foundation spend its money?
Workforce Hope Foundation reported its financials in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Workforce Hope Foundation tax-deductible?
Workforce Hope Foundation is registered as a tax-exempt nonprofit (EIN: 412084591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Workforce Hope Foundation located?
Workforce Hope Foundation is headquartered in West Fargo, North Dakota and files with the IRS under EIN 412084591. It is classified under NTEE code O50.
How many years of IRS 990 filings does Workforce Hope Foundation have?
Workforce Hope Foundation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Workforce Hope Foundation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Workforce Hope Foundation's revenue has declined by 99.4%, moving from $53K to $313. Total assets decreased by 0% over the same period, from $10K to $10K. Total functional expenses fell by 96.2%, from $8K to $313. In its most recent filing year (2017), Workforce Hope Foundation reported a surplus of $0, with revenue exceeding expenses. The organization holds $96K in liabilities against $10K in assets (debt-to-asset ratio: 962.4%), resulting in net assets of $-86,240.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $313 | $313 | $10K | $96K | — | View 990 |
| 2016 | $308 | $308 | $10K | $96K | — | — |
| 2015 | $302 | $307 | $10K | $96K | — | View 990 |
| 2014 | $293 | $293 | $10K | $96K | — | View 990 |
| 2013 | $8 | $0 | $10K | $96K | — | View 990 |
| 2012 | $3K | $360 | $10K | $96K | — | View 990 |
| 2011 | $53K | $8K | $10K | $99K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $313, expenses of $313, and assets of $10K (revenue +1.6% year-over-year).
- 2016: Revenue of $308, expenses of $308, and assets of $10K (revenue +2.0% year-over-year).
- 2015: Revenue of $302, expenses of $307, and assets of $10K (revenue +3.1% year-over-year).
- 2014: Revenue of $293, expenses of $293, and assets of $10K (revenue +3562.5% year-over-year).
- 2013: Revenue of $8, expenses of $0, and assets of $10K (revenue -99.8% year-over-year).
- 2012: Revenue of $3K, expenses of $360, and assets of $10K (revenue -93.6% year-over-year).
- 2011: Revenue of $53K, expenses of $8K, and assets of $10K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Workforce Hope Foundation:
Data Sources and Methodology
This transparency report for Workforce Hope Foundation 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.