A Spring of Hope Inc
Only null% goes to programs Strong reserves Growing revenue
A Spring of Hope Inc is a 501(c)(3) organization based in West Palm Bch, Florida, registered in 2008, with $1,456,855 in FY2024 revenue. CharityIndex grades it B.
5114 Okeechobee Blvd Ste 203, West Palm Bch, FL, 33417 EIN 26-0851887 Since 2008
Revenue (FY2024)
$1.5M
▲ 42.9% vs prior year
International median: $227K
Expenses (FY2024)
$1.5M
Net assets
$1.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for A Spring of Hope Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For A Spring of Hope Inc: 12 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for A Spring of Hope Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For A Spring of Hope Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 5114 Okeechobee Blvd Ste 203, West Palm Bch, FL, 33417
- City
- West Palm Bch
- State
- Florida
- Subcategory
- International Development & Relief
- Website
- …
Financial trends
Revenue grew from $62K (FY2013) to $1.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24KNet assets $1.5M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$1.5M
Total liabilities
$24K
Net assets
$1.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,456,855▲42.9% | $1,484,896▲74.9% | $1,516,512▼1.8% | $1,540,256▼3.5% | 990 |
| 2023 | $1,019,323▲40.8% | $848,987▲90.2% | $1,544,553▲12.4% | $1,595,781▲16.1% | 990 |
| 2022 | $723,736▲101% | $446,359▲380% | $1,374,217▲25.3% | $1,374,217▲25.3% | 990 |
| 2021 | $360,674▲8.1% | $92,903▼62.5% | $1,096,840▲32.3% | $1,096,840▲32.3% | 990 |
| 2020 | $333,641▼52.8% | $247,517▼28.6% | $829,069▲11.6% | $829,069▲11.6% | 990 |
| 2019 | $707,375▲7.9% | $346,709▼50.4% | $742,945▲94.3% | $742,945▲94.3% | 990 |
| 2018 | $655,632▲69.9% | $698,549▲253% | $382,279▼10.1% | $382,279▼10.1% | 990 |
| 2017 | $385,808▲28.6% | $197,781▲17.6% | $425,196▲79.3% | $425,196▲79.3% | 990 |
| 2016 | $299,987▲90.9% | $168,202▲6.0% | $237,169▲125% | $237,169▲125% | 990 |
| 2015 | $157,180▲6.8% | $158,639▲48.0% | $105,384▼1.4% | $105,384▼1.4% | 990 |
| 2014 | $147,208▲138% | $107,168▲87.3% | $106,843▲59.9% | $106,843▲59.9% | 990 |
| 2013 | $61,844 | $57,226▲46.2% | $66,803▲7.4% | $66,803▲7.4% | 990 |
| 2012 | — | $39,150▼16.0% | $62,185▼0.5% | $62,185▼0.5% | 990 |
| 2011 | — | $46,604▼50.7% | $62,478▼3.8% | $62,478▼3.8% | 990 |
| 2010 | — | $94,588 | $64,968 | $64,968 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $145K total
15 grants to A Spring of Hope Inc totaling $145K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Human service | 2024 | $19,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $11,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $12,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2023 | $9,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $7,000 |
| American Online Giving Foundation Inc | General support | 2019 | $6,178 |
| The Rhode Island Community Foundation | Omega project | 2019 | $5,000 |
| The Rhode Island Community Foundation | Omega project | 2019 | $5,000 |
| The Rhode Island Community Foundation | General support | 2019 | $500 |
| Network For Good Inc | Unrestricted | 2018 | $5,615 |
| Donor Advised Charitable Giving | International/foreign affairs | 2017 | $8,750 |
| Principia Corporation | To provide funds for drilling a water well related to the upper school outreach project in simunye, south africa | 2015 | $10,000 |
| The Miami Foundation Inc | Borehole at nkotobona high school in acornhoek, south africa | 2015 | $10,000 |
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Frequently asked questions
- Is A Spring of Hope Inc a legitimate nonprofit?
- Yes. A Spring of Hope Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 26-0851887, based in West Palm Bch, Florida. Donations are tax-deductible.
- What is A Spring of Hope Inc's EIN?
- A Spring of Hope Inc's Employer Identification Number (EIN) is 26-0851887.
- How much revenue does A Spring of Hope Inc report?
- A Spring of Hope Inc reported $1,456,855 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does A Spring of Hope Inc have?
- CharityIndex grades A Spring of Hope Inc B, based on financial health (reserves and operating margin).
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Data for A Spring of Hope Inc (EIN 26-0851887) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.