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KAREN LYNN FOUNDATION OF HOPE INC

REDFORD, Michigan, 48240

EIN: 85-4162040

Food, Agriculture and Nutrition

MISSION

change the lives of individuals and families in the community by providing meals to the community, helping to end furniture poverty by providing beds and bedding essentials, and offering community service opportunities and mentorship for the youth

 FORM 1023-EZ for KAREN LYNN FOUNDATION OF HOPE INC

DEMOGRAPHIC

ADDRESS
17369 GLENMORE
48240
COUNTY
wayne county, MI
IN CARE OF NAME
LASHANETTE KEELS

ORGANIZATIONAL OVERVIEW & RANKINGS

KAREN LYNN FOUNDATION OF HOPE INC is a based in REDFORD, MI, focused on Food, Agriculture and Nutrition causes , specifically Food Service, Free Food Distribution Programs. Established in May 2024, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $25,150.00, this ranks 637,290 among 2,656,690 nonprofits nationally (Top 24%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 17,667 out of 79,991 organizations in MI (Top 23%).

In wayne county, MI, the organization ranks 2,770 out of 13,625 nonprofits by assets (Top 21%), while locally in redford, it stands at 42 among 328 organizations (Top 11%).

The organization reported no revenue in the most recent filing period, placing it at 1,845,991 nationally and 60,355 in MI.

Within its specific NTEE classification (K30 - K: Food, Agriculture and Nutrition), which includes 6,490 similar organizations, KAREN LYNN FOUNDATION OF HOPE INC ranks 1,165 in assets (Top 18%) and 4,856 in revenue (Top 75%).

Note: This organization's tax-exempt status was temporarily revoked on May 15, 2023 and was reinstated on May 15, 2023 .

The organization files a 990 - Not required to file(all other) and operates on a November fiscal year.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
K: Food, Agriculture and Nutrition
NTEE CODE
K30: Food Service, Free Food Distribution Programs
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

Note: A past revocation appears on the IRS revocation list
Revoked: Monday, May 15, 2023;
Reinstated: Monday, May 15, 2023
Data current as of Oct. 2024
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$25,150.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
05/2024
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$25,150.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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