Faith Hope & Love Mentoring
Only null% goes to programs Strong reserves Declining revenue
Faith Hope & Love Mentoring is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2006, with $238,231 in FY2024 revenue. CharityIndex grades it C.
1720 Paddock Cir, Charlotte, NC, 28209 EIN 20-3958526 Since 2006
Revenue (FY2024)
$238K
▼ 11.8% vs prior year
Human Services median: $293K
Expenses (FY2024)
$267K
Net assets
$401K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—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 Mentoring— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating18 mo reserves · -12% 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 Mentoring: 18 mo reserves · -12% margin earns a C+ 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 Mentoring— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Mentoring: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1720 Paddock Cir, Charlotte, NC, 28209
- City
- Charlotte
- State
- North Carolina
- Category
- Human Services
- Subcategory
- Residential Care
Financial trends
Revenue grew from $78K (FY2015) to $238K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $401K
Operating margin
-12.0%
Spent more than it raised in the latest fiscal year.
Total assets
$401K
Total liabilities
$0
Net assets
$401K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $238,231▼11.8% | $266,708▲13.5% | $401,211▼6.6% | $401,211▼6.6% | 990 |
| 2023 | $270,114▲19.5% | $235,046▲36.4% | $429,688▲8.9% | $429,688▲8.9% | 990 |
| 2022 | $226,045▼20.6% | $172,328▲42.8% | $394,620▲15.8% | $394,620▲15.8% | 990 |
| 2021 | $284,682▲63.1% | $120,679▼2.4% | $340,903▲92.7% | $340,903▲71.7% | 990 |
| 2020 | $174,499▲34.6% | $123,640▼5.9% | $176,900▲40.4% | $198,500▲57.5% | 990EZ |
| 2019 | $129,670▼12.9% | $131,453▲2.1% | $126,040▼1.4% | $126,040▼1.4% | 990EZ |
| 2018 | $148,875▼2.9% | $128,772▼2.4% | $127,824▲18.7% | $127,824▲18.7% | 990EZ |
| 2017 | $153,339▼0.8% | $131,872▲21.8% | $107,721▲24.9% | $107,721▲24.9% | 990EZ |
| 2016 | $154,628▲97.3% | $108,297▲41.0% | $86,253▲116% | $86,253▲116% | 990EZ |
| 2015 | $78,373 | $76,828 | $39,922 | $39,922 | 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 · $74K total
4 grants to Faith Hope & Love Mentoring totaling $74K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | General operating support | 2024 | $15,000 |
| National Christian Charitable Foundation | Growth | 2023 | $15,600 |
| American Online Giving Foundation Inc | General support | 2022 | $7,261 |
| Foundation For the Carolinas | Charitable gift | 2021 | $36,000 |
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Frequently asked questions
- Is Faith Hope & Love Mentoring a legitimate nonprofit?
- Yes. Faith Hope & Love Mentoring is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3958526, based in Charlotte, North Carolina. Donations are tax-deductible.
- What is Faith Hope & Love Mentoring's EIN?
- Faith Hope & Love Mentoring's Employer Identification Number (EIN) is 20-3958526.
- How much revenue does Faith Hope & Love Mentoring report?
- Faith Hope & Love Mentoring reported $238,231 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Faith Hope & Love Mentoring have?
- CharityIndex grades Faith Hope & Love Mentoring C, based on financial health (reserves and operating margin).
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Data for Faith Hope & Love Mentoring (EIN 20-3958526) 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.