Overview
What is Love & Hope Inc Love & Hope Inc?
Love & Hope Inc, based in Cedar Grove, New Jersey, is a nonprofit organization dedicated to providing emergency assistance to needy families. Their primary goal is to address the essential needs of these families, aiming to cover as many aspects as possible. This compassionate organization actively works towards helping those in financial hardship, embodying a mission of support and care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
Love & Hope Inc has received a rating of 52%, resulting in a One-Star designation from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a notably low score for independent board members, with 0% of its board being independent, which is critical for ensuring unbiased governance. Additionally, the charity lacks essential financial transparency, as it has not provided financial statements, raising questions about its overall financial health.
Despite these concerns, Love & Hope Inc shows a strong commitment to its programs, with an impressive program expense ratio of 99.94%. This suggests that the vast majority of its resources are directed toward its mission-related activities, which is a positive aspect of its operations. However, the absence of key policies like conflict of interest and whistleblower protections, as well as missing financial documents on its website, highlights significant gaps in governance and accountability.
In summary, while Love & Hope Inc demonstrates a strong focus on its program expenses, the lack of independent oversight and financial transparency raises red flags for potential donors and stakeholders. Addressing these deficiencies would be crucial for improving its overall accountability and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Love & Hope Inc Love & Hope Inc legitimate?
Love & Hope Inc Love & Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love & Hope Inc Love & Hope Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Love & Hope Inc Love & Hope Inc?
Love and Hope, as an emergency assistance organization, is committed to providing aid to families in need. Their mission is to extend help to the maximum extent possible, aiming to alleviate hardships faced by these families. The organization's primary objective is to offer assistance to those who are struggling financially. This mission reflects their dedication to making a positive impact on the lives of those in need. While the specific services they offer are not detailed, it is clear that Love and Hope is focused on providing essential support to families facing difficulties.
What is the revenue of Love & Hope Inc Love & Hope Inc?
Love & Hope Inc Love & Hope Inc's revenue in 2024 was $4,677,355.
Who are the executives of Love & Hope Inc Love & Hope Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Love & Hope Inc Love & Hope Inc?
Love & Hope Inc Love & Hope Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Love & Hope Inc Love & Hope Inc
Love & Hope Inc, as an emergency assistance organization, is dedicated to addressing the needs of struggling families. Their mission is to provide comprehensive support, aiming to cover the essential requirements of these families in their time of need. By helping needy families, Love & Hope Inc seeks to make a significant impact on their lives, offering them the assistance they require to overcome their challenges.
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Impact
October, 2024
Love & Hope Inc plays a crucial role in supporting needy families in Cedar Grove, NJ, by providing essential emergency assistance. Its dedicated efforts focus on addressing the immediate needs of families facing hardship, ensuring they have access to vital resources during challenging times. With a mission centered around comprehensive support, Love & Hope Inc works tirelessly to alleviate the struggles of those in the community, fostering resilience and stability for families in need. The organization’s impact extends beyond immediate assistance, as it also aims to instill hope and empower families to strive for a better future.
This information is meant to be a general summary of Love & Hope Inc Love & Hope Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $4,677,355
Assets and Liabilities:
- Total Assets: $800,081
- Total Liabilities: $0
- Net Assets: $800,081
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Organization Details
Principal Officer
Nabil Khalil
NTEE Category
Code: Q33 - International
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