Faith Hope & Love Outreach Center Inc is a 501(c)(3) organization based in Detroit, Michigan, registered in 2005, with $520,604 in FY2023 revenue. CharityIndex grades it F.
Revenue (FY2023)
$521K
▼ 77.8% vs prior year
Human Services median: $293K
Expenses (FY2023)
$1.3M
Net assets
-$3,171
Employees
—
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 Outreach Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Outreach Center Inc: 0 mo reserves · -158% margin earns a F on this criterion. See the exact thresholds →
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 Outreach Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Outreach Center Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $122K (FY2018) to $521K (FY2023) across 6 reported years.
Financial snapshot
Operating margin
-158.4%
Spent more than it raised in the latest fiscal year.
Total assets
$533K
Total liabilities
$536K
Net assets
-$3,171
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $520,604▼77.8% | $1,345,488▼23.0% | -$3,171▼100% | $533,301▼61.1% | 990 |
| 2022 | $2,343,807▲49.3% | $1,747,673▲38.0% | $832,929▲94.7% | $1,369,401▲143% | 990 |
| 2021 | $1,569,964▲119% | $1,266,080▲98.1% | $427,750▲245% | $562,750▲117% | 990 |
| 2020 | $715,903▲41.2% | $639,265▲25.5% | $123,866▲156% | $258,866▲434% | 990 |
| 2019 | $506,968▲317% | $509,540▲619% | $48,436▼5.0% | $48,436▼5.0% | 990 |
| 2018 | $121,516 | $70,885 | $51,008 | $51,008 | 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.
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Data for Faith Hope & Love Outreach Center Inc (EIN 38-3566198) 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.