Civic Intelligence

Let Hope Rise Foundation

990EZ • Fiscal year 2024 • EIN 81-0800990

Jul 01, 2023 to Jun 30, 2024 • Filed on Nov 07, 2024

Organization Profilewww.lethoperisefoundation.org
1929 W Arrowood RoadCharlotte, NC 28217

(704) 927-7630

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

37th percentile

-2.2%

Higher net margin than 37% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

15th percentile

-38%

Faster asset growth than 15% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

31st percentile

-13%

Faster revenue growth than 31% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$2,296

Down $1,425 (-38%) from 2023

Net Assets

Down

$2,296

Down $1,425 (-38%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin37th percentile

Revenue

Down

$63,567

Down $9,513 (-13%) from 2023

Expenses

Down

$64,992

Down $14,507 (-18%) from 2023

Net Income

Up

-$1,425

Up $4,994 (+78%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth15th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80K$60K$40K$20K$0Assets 2017: $20,536Liabilities 2017: $02017Assets 2019: $75,244Liabilities 2019: $0Net Assets 2019: $75,2442019Assets 2020: $66,674Liabilities 2020: $0Net Assets 2020: $66,6742020Assets 2021: $10,783Liabilities 2021: $0Net Assets 2021: $10,7832021Assets 2022: $10,140Liabilities 2022: $0Net Assets 2022: $10,1402022Assets 2023: $3,721Liabilities 2023: $0Net Assets 2023: $3,7212023Assets 2024: $2,296Liabilities 2024: $0Net Assets 2024: $2,2962024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2024

Assets$2,296
Liabilities$0
Net Assets$2,296
Open 2024 Filing

Operations Trend

Revenue Growth31st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2017: $195,514Expenses 2017: $174,978Net Income 2017: $20,5362017Revenue 2019: $100,355Expenses 2019: $54,178Net Income 2019: $46,1772019Revenue 2020: $29,655Expenses 2020: $38,225Net Income 2020: -$8,5702020Revenue 2021: $30,870Expenses 2021: $86,761Net Income 2021: -$55,8912021Revenue 2022: $67,229Expenses 2022: $67,872Net Income 2022: -$6432022Revenue 2023: $73,080Expenses 2023: $79,499Net Income 2023: -$6,4192023Revenue 2024: $63,567Expenses 2024: $64,992Net Income 2024: -$1,4252024Revenue 2025: $27,008Expenses 2025: $13,880Net Income 2025: $13,1282025

Highlighted filing

2024

Revenue$63,567
Expenses$64,992
Net Income-$1,425
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 7, 2024
Return Version
2023v6.0
Gross Receipts
$63,567
Mission and Program Overview

Mission

Let Hope Rise Foundation exists to stabilize families through housing, mentoring and education.

Program Services

DescriptionGrantsExpenses
Let Hope Rise Foundation provided free and/or reduced rent housing to 11 adults and 12 children at risk of homelessness. Each family had a mentor and encourager to teach financial practices, connect with jobs and support and navigate the family through crises. Families who completed the program emerged independent and self-sufficient.$44,825$0
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeff YagerPresident & Board Member-$0--
Bobby HinsonSecretary And Board Member-$0--
Kelvin SmithBoard Member-$0--
Ervin BarhamBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Let Hope Rise Foundation
EIN
81-0800990
Phone
7049277630
Address
1929 W Arrowood Road, Charlotte, NC 28217

Signing Officer

Name
Ervin Barham
Title
Board Member
Phone
7046215500
Signed
2024-11-07
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“Rent -30,770 Utilities - 14,055”

Form 990-EZ, Part I, Line 16

“Description;Amount^Insurance;701|Misc Other;30|Website;1824^Total;2555^”

Raw XML Appendix170 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & Board Member
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt044825
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Rent -30,770 Utilities - 14,055
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Ervin Barham
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Member
ReturnHeader/BusinessOfficerGrp/PhoneNum07046215500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-07
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ReturnHeader/Filer/BusinessNameControlTxt0LETH
ReturnHeader/Filer/EIN0810800990
ReturnHeader/Filer/PhoneNum07049277630
ReturnHeader/Filer/USAddress/AddressLine1Txt01929 W Arrowood Road
ReturnHeader/Filer/USAddress/CityNm0Charlotte
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028217
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-03-13T10:05:46-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,296
Liabilities
$0
Net assets
$2,296
Revenue
$63,567
Expenses
$64,992
Net income
-$1,425
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.27$0.14$0.13
2024Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.64$0.65$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.73$0.79$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.67$0.68$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.31$0.87$0.56
2020Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.30$0.38$0.09
2019Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$1.00$0.54$0.46
2017Summary only. Only limited summary data is available for this year.$0.21$0.00$1.96$1.75$0.21