Boosting Hope INC EIN 85-3365868 Form 990 (PDF) Claim this org

Boosting Hope INC FY2023 filing

Not yet claimed Claim this org →

Builds affordable housing to help low-income families escape poverty. For fiscal year 2023 it reported $50K in revenue, $30K in expenses, and $81K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Las Vegas, NV
Filings
5 on file (2020–2023)
Revenue
$50KFY2023
Expenses
$30K
Net assets
$81K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  85-3365868 Public charity (501(c)(3)) Las Vegas, NV
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Boosting Hope INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Builds affordable housing to help low-income families escape poverty.
Leadership
Naseer Rana · Director, President
Money in and out
$50K revenue, $30K expenses
Bottom line
69% program efficiency
Where the money goes · FY2023
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$81K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $21K
Where spending went · Part IX cols B–D
Program services $0.69 Management & general $0.17 Fundraising $0.14
Program efficiency
69%
of spending reaches programs
Operating runway
36.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+41%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$50K
FY2023▲ +270%
Expenses
$30K
FY2023▲ +74%
Total assets
$100K
FY2023▲ +44%
Total liabilities
$18K
FY20230%
Total revenue
$50K
Pt VIII · Ln 12
Total expenses
$30K
Pt IX · Ln 25
Net assets
$81K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$21K
Total assetsPt X · Ln 16$100K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBoosting Hope INC
EINHdr · item D85-3365868
Principal addressHdr · item CLas Vegas, NV
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFFeb 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director, President
$0Pt VII · Sec A
Director, Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Boosting Hope INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $21K of program spending, described in the organization's own filed words · FY2023.
01

Boosting hope inc has created awareness of the nonprofit by creating a website which describes the mission and activities. It allows potential donors to donate and to apply to volunteer for the nonprofit's mission.

$21Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$49K · 97%
Investment income$1K · 3%
Contributions & grants97%$49K
Investment income3%$1K
Total revenueLn 12$50K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.17 Fundraising $0.14
Program services69%$21K
Management & general17%$5K
Fundraising14%$4K
Total functional expensesLn 25$30K

Balance Sheet

Part X · end of year
CashLn 1$42K
Total assetsLn 16$100K
Total liabilitiesLn 26$18K
Total net assetsLn 32$81K
Months of cash on handcomputed16.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $91K · Operating expenses/yr $30K
36.6 months
Where the money goes
Program services
Program services $21K · Total expenses $30K
69%
Management & General
Management & general $5K · Total expenses $30K
17%
Fundraising
Fundraising $4K · Total expenses $30K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $38K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $49K · Total revenue $50K
97%
Government reliance
Government grants — · Total revenue $50K
Earned-income share
Program service revenue $0 · Total revenue $50K
0%
Investment reliance
Investment income $1K · Total revenue $50K
+3%
Program self-sufficiency
Program service revenue $0 · Total expenses $30K
0%
Growth & trend
Revenue growth (YoY)
This year $50K · Prior year $-30K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $81K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $50K · Expenses $30K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $100K
Net-asset ratio
Net assets $81K · Total assets $100K
82%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $50K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $100K
50%
People & payroll
Highest Reported Total Compensation
Individual Naseer Rana · Reported title DIRECTOR, PRESIDENT · Highest reported compensation $0 · Total expenses $30K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $30K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 69%
Overhead ratio 17%
Fundraising cost ratio 9%
Revenue growth 270%
Investment management fee ratio 1%
Legal fee ratio 8%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $32K · 2023–2024

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$45K revenue · ⤓ 990 PDF
FY2023$50K revenue · viewing · ⤓ 990 PDF
FY2022$-30K revenue · ⤓ 990 PDF
FY2021$58K revenue · ⤓ 990 PDF
FY2020$73K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.