We Sing Hope Inc

Nonprofit profile at a glance

EIN
873115093
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Windsor Mill, MD, USA
Phone
4439344965
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music
Affiliation
Christianity

Reported finances

Revenue
$6,900
Expenses
$6,690
Assets
$576

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • HYEWON RYU (PRESIDENT)

People named in this filing

  • HYEWON RYU (PRESIDENT)
  • KENNETH KIL (BOARD CHAIRM)
  • SEUNG CHUL SHIN (BOARD TREASU)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

'wesinghope' is a christian faith-based nonprofit organization dedicated to sharing the love and hope of jesus christ through worship, music education, and discipleship. The organization serves children and families in underserved communities, based in park heights city, baltimore, with a vision to expand its ministry to other communities in the future through weekly music and faith formation programs. In addition, 'wesinghope' brings hope in jesus christ through outreach concerts, worship services, and music ministry for the homeless and residents of senior nursing homes. The organization also engages in evangelism and city-wide mission activities. Its mission is to foster spiritual and personal transformation in individuals and families, restoring hope through the gospel of jesus christ.

What it reported doing in 2024

Performing arts of music(concerts): we design transformative programs of art music to inspire people and communities with joy, peace, and hope. We provide healing and comfort to those in our modern society who feel exhausted, struggling, and empty through high standards of music concerts as well as diverse innovative performing arts programs.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.6%; rating input score 72
  • Program expense ratio: 73.8%; rating input score 74

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.09; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 7.6% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 16.1% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 10.9% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 71.6% of revenue deployed · 73.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • 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 — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.