Faith Hope & Love Inc
Only null% goes to programs Thin reserves
Faith Hope & Love Inc is a 501(c)(3) organization based in Racine, Wisconsin, registered in 2014, with $70,972 in FY2023 revenue. CharityIndex grades it D.
1718 Layard Ave, Racine, WI, 53404 EIN 46-3848797 Since 2014
Revenue (FY2023)
$71K
▼ 54.2% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$97K
Net assets
$654
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—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 Faith Hope & Love Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -37% 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 Faith Hope & Love Inc: 0 mo reserves · -37% margin earns a D 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 Faith Hope & Love 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 Faith Hope & Love Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
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Contact & location
- Address
- 1718 Layard Ave, Racine, WI, 53404
- City
- Racine
- State
- Wisconsin
- Category
- Public & Societal Benefit
- Subcategory
- Public Benefit Programs
- Website
- …
Financial trends
Revenue grew from $33K (FY2016) to $71K (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $7,759Net assets $654
Operating margin
-36.7%
Spent more than it raised in the latest fiscal year.
Total assets
$8,413
Total liabilities
$7,759
Net assets
$654
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $70,972▼54.2% | $97,051▼36.6% | $654▼97.6% | $8,413▼70.3% | 990EZ |
| 2022 | $154,929▲169% | $153,037▲562% | $26,733▼40.7% | $28,333▼37.2% | 990EZ |
| 2021 | $57,500▼26.6% | $23,100▼72.5% | $45,101▲321% | $45,101▲285% | 990EZ |
| 2020 | $78,365▼3.3% | $83,865▲5.9% | $10,701▼33.9% | $11,718▼35.7% | 990EZ |
| 2019 | $81,053▼20.7% | $79,205▼19.4% | $16,201▲26.0% | $18,218▲41.6% | 990EZ |
| 2018 | $102,213▲145% | $98,281▲212% | $12,862▲44.0% | $12,862▲9.7% | 990EZ |
| 2017 | $41,754▲28.1% | $31,523▼7.3% | $8,930▲786% | $11,720▲410% | 990EZ |
| 2016 | $32,602 | $34,023 | -$1,301 | $2,297 | 990EZ |
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 · $88K total
9 grants to Faith Hope & Love Inc totaling $88K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Good360 | To assist those in need | 2024 | $21,123 |
| National Christian Charitable Foundation | Poverty | 2023 | $10,000 |
| Good360 | To assist those in need. | 2022 | $13,276 |
| National Christian Charitable Foundation | Poverty | 2022 | $10,000 |
| National Christian Charitable Foundation | Poverty | 2022 | $10,000 |
| National Christian Charitable Foundation | Poverty | 2021 | $10,000 |
| National Christian Charitable Foundation | Poverty | 2019 | $5,500 |
| Network For Good Inc | Unrestricted | 2018 | $5,842 |
| National Christian Charitable Foundation | Poverty | 2018 | $2,000 |
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Frequently asked questions
- Is Faith Hope & Love Inc a legitimate nonprofit?
- Yes. Faith Hope & Love Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-3848797, based in Racine, Wisconsin. Donations are tax-deductible.
- What is Faith Hope & Love Inc's EIN?
- Faith Hope & Love Inc's Employer Identification Number (EIN) is 46-3848797.
- How much revenue does Faith Hope & Love Inc report?
- Faith Hope & Love Inc reported $70,972 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Faith Hope & Love Inc have?
- CharityIndex grades Faith Hope & Love Inc D, based on financial health (reserves and operating margin).
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Data for Faith Hope & Love Inc (EIN 46-3848797) 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.