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Last Hope INC EIN 41-1520897

Last Hope INC

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Shelters and finds homes for homeless cats and dogs, educating the public on responsible pet care. For fiscal year 2025 it reported $283K in revenue, $386K in expenses, and $796K in net assets.Pt I

Founded
1985
Type
Public charity (501(c)(3)) · Animals
Location
Farmington, MN
Website
www.last-hope.org
Filings
6 on file (2020–2025)
Revenue
$283KFY2025
Expenses
$386K
Net assets
$796K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  41-1520897 Public charity (501(c)(3)) Farmington, MN Founded 1985
Form 990 (PDF)
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Size
$100K–1M
What they do
Shelters and finds homes for homeless cats and dogs, educating the public on responsible pet care.
Leadership
Kelsey Blazer · Vice Preside
Money in and out
$283K revenue, $386K expenses
Bottom line
72% program efficiency
Where the money goes · FY2025
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$796K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$104K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.27 Fundraising $0.01
Program efficiency
72%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
26.5mo
months of highly liquid reserves at operating expense rate▼ -22% vs prior filing year
Surplus margin
-37%
revenue over expenses, this year▼ -231% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$283K
FY2025▼ -40%
Expenses
$386K
FY2025▲ +13%
Total assets
$808K
FY2025▼ -10%
Total liabilities
$11K
FY2025▲ +490%
Total revenue
$283K
Pt VIII · Ln 12
Total expenses
$386K
Pt IX · Ln 25
Net assets
$796K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$104K
Total assetsPt X · Ln 16$808K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $278K of program spending, described in the organization's own filed words · FY2025.
01

Last hope inc. Provides placement in permanent homes AND/OR veterinary services for hundreds of cats and dogs each year. Since inception in 1985, 45,591 animals have been saved. In 2025,198 cats and 93 dogs were placed in permanent homes.

$278Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLast Hope INC
EINHdr · item D41-1520897
Principal addressHdr · item CFarmington, MN
WebsiteHdr · item Jwww.last-hope.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFAnimals (D200)
Ruling yearIRS BMFSep 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Kelsey Blazer
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Kim Christianson
Marketing Ma
$0Pt VII · Sec A
$0Pt VII · Sec A
Nicole Kralik
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$181K · 64%
Program service revenue$79K · 28%
Investment income$21K · 7%
Other revenue$2K · 1%
Contributions & grants64%$181K
Program service revenue28%$79K
Investment income7%$21K
Other revenue1%$2K
Total revenueLn 12$283K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.27 Fundraising $0.01
Program services72%$278K
Management & general27%$104K
Fundraising1%$5K
Total functional expensesLn 25$386K

Balance Sheet

Part X · end of year
CashLn 1$676K
Total assetsLn 16$808K
Total liabilitiesLn 26$11K
Total net assetsLn 32$796K
Months of cash on handcomputed21.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $808K · Operating expenses (Pt IX) $386K · Less non-cash grants $21K · Cash operating expenses/yr $366K
26.5 months
Where the money goes
Program services
Program services $278K · Total expenses $386K
72%
Management & General
Management & general $104K · Total expenses $386K
27%
Fundraising
Fundraising $5K · Total expenses $386K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $4K · Solicited contributions (3-yr avg) $273K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $181K · Total revenue $283K
64%
Government reliance
Government grants — · Total revenue $283K
—
Earned-income share
Program service revenue $79K · Total revenue $283K
28%
Investment reliance
Investment income $21K · Total revenue $283K
+7%
Program self-sufficiency
Program service revenue $79K · Total expenses $386K
20%
Growth & trend
Revenue growth (YoY)
This year $283K · Prior year $474K
-40%
Revenue CAGR
FY2020 $590K · FY2025 $283K
-14%
Net-asset trend (YoY)
End of year $796K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $283K · Expenses $386K
-37%
Liabilities-to-Assets
Total liabilities — · Total assets $808K
—
Net-asset ratio
Net assets $796K · Total assets $808K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $131K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $808K
16%
People & payroll
Highest Reported Total Compensation
Individual Kelsey Blazer · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $386K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $386K
15%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 27%——
Fundraising cost ratio 2%——
Revenue growth -40%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$16K
Charities Aid Foundation AmericaFY2024$9K
Paypal Charitable Giving FundFY2024$6K
Total grants receivedfrom 3 funders$31K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$283K revenue · viewing · ⤓ 990 PDF
FY2024$474K revenue · ⤓ 990 PDF
FY2023$373K revenue · ⤓ 990 PDF
FY2022$384K revenue · ⤓ 990 PDF
FY2021$481K revenue · ⤓ 990 PDF
FY2020$590K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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