Nonprofit · EIN 59-3108991
HOPE FOR THE WORLD INC
Tax-exempt · ORANGE PARK, FL 32073
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $427,777 | $464,765 | -$36,988 | $5,035 | $0 | $5,035 |
| December 31, 2023 | 990 | $525,870 | $490,765 | $35,105 | $65,817 | $0 | $65,817 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $427,777
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $422,083
- Compensation of officers, directors and key employees
- $40,000
- Salaries, compensation and benefits (total)
- $40,000
- Professional fundraising fees
- $0
- Program services (functional)
- $422,083
- Management and general (functional)
- $42,682
Balance sheet and other
- Total assets, start of year
- $65,817
- Total assets, end of year
- $5,035
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,035
- Gross receipts
- $427,777
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1991
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Franks | Administrator Officer, Key employee, Highest-paid employee | 40 | $40,000 |
| Jimmy Franks | President Trustee or director, Officer, Key employee | 15 | $0 |
| Roger Mullins | Director Trustee or director, Officer, Key employee | 10 | $0 |
| Riley Shelton | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mike Franks | Administrator Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $40,000 |
| Jimmy Franks | President Trustee or director, Officer, Key employee | 15 | $0 |
| Roger Mullins | Director Trustee or director, Officer, Key employee | 10 | $0 |
| Riley Shelton | Director Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1010 DOCTORS LAKE INLET CV, ORANGE PARK, FL 32073-6109
- Principal officer (990 for 2024)
- Michael Franks, 1010 Doctors Lake Inlet Cove, Orange Park, FL 32073
- Signed the 990
- Mike Franks, Administrator
- Phone
- (904) 215-7100
Mission
Provide humanitarian aid to foreign countries
Program accomplishments
- Operated orphanages providing food and shelter for childrenExpenses $173,054
- Operated feeding centers for underprivileged childrenExpenses $101,300
- Maintained classrooms and living facilitiesExpenses $147,729
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-3108991
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,035
- Income (IRS master file)
- $427,777
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $427,777 | $464,765 | $5,035 | XML |
| 990 | December 2023 | $525,870 | $490,765 | $65,817 | XML |
| 990 | December 2022 | $498,335 | $528,136 | $30,712 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-3108991).
Questions about HOPE FOR THE WORLD INC
- What is the EIN of HOPE FOR THE WORLD INC?
- The employer identification number (EIN) of HOPE FOR THE WORLD INC is 59-3108991.
- Is HOPE FOR THE WORLD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOPE FOR THE WORLD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOPE FOR THE WORLD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOPE FOR THE WORLD INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOPE FOR THE WORLD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOPE FOR THE WORLD INC?
- The 990 for the year ended December 31, 2024 names Michael Franks.
- Who are the officers and directors of HOPE FOR THE WORLD INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $40,000 (Mike Franks, Administrator).
- How much revenue does HOPE FOR THE WORLD INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $427,777, expenses of $464,765 and total assets of $5,035 at year end.
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