Free 2 Hope Inc
Nonprofit profile at a glance
- EIN
- 463024891
- IRS 990-EZ coverage
- 2016–2023
- Forms available
- Form 990-EZ 2023
- Location
- Louisville, KY, USA
- Phone
- 5024750555
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $63,150
- Expenses
- $68,651
- Assets
- $101,927
- Liabilities
- $21,034
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
People named in this filing
- John Leenerts (Board Leader)
- Tim Kraemer (Board Member)
- Rebecca Tharp (Board Member)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Education- Human Trafficking and Prevention
What it reported doing in 2023
Drop-in Expences We had several victims who had no ways to get to court, or out of town Survivor support services: Uber rides, Bus tickets, help with a bill, getting their documents etc
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 82
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 21%; rating input score 21
- Program expense ratio: 19.2%; rating input score 19
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -8.7%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 1.48; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -8.8% per year; rating input score 0; 30th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 18.8% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 21% of revenue deployed · 19.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2016 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 21/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- Review — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.