Overview
What is Faith Hope And Love Outreach?
Faith Hope and Love Outreach is a nonprofit organization situated in Indianapolis, Indiana, at 4837 Oakbrook Drive. Their primary mission is to offer exceptional care and education for children, nurturing their development and providing opportunities for them to explore the world. They strive to ensure every family receives the highest quality childcare, offering a safe and healthy learning environment that enables children to thrive in all aspects of life. In addition, they extend support by providing food and clothing to those in need. Their mission is carried out under the name Serenity Childcare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star Rating
Faith Hope And Love Outreach has received a low score of 56%, indicating challenges in its accountability and financial practices. The organization demonstrates strong governance with a fully independent board, achieving full points in categories such as board size and meeting documentation. Additionally, it fully allocates its expenses towards programs, reflecting a commitment to its mission.
However, significant concerns arise from the organization's high liabilities to assets ratio, which stands at 478.83%. This metric suggests potential financial instability and raises questions about the sustainability of its operations. Despite strong governance practices, the financial health of the organization needs improvement to ensure long-term viability and effectiveness in its outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Hope And Love Outreach legitimate?
Faith Hope And Love Outreach is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Hope And Love Outreach 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: $77,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,957
For more financial information, click here
What is the mission statement of Faith Hope And Love Outreach?
Faith Hope and Love Outreach is committed to ensuring that every family receives high-quality childcare and education. They achieve this by providing a safe and healthy learning environment that fosters growth and success in all areas of life for children. Additionally, the organization extends support to those in need by providing food and clothing. The primary objective of Faith Hope and Love Outreach is to provide care for children, assisting in their development at the highest level through nurturing and providing opportunities for exploration. The organization also equips children with developmentally appropriate activities and skills necessary for later life.
What is the revenue of Faith Hope And Love Outreach?
Faith Hope And Love Outreach's revenue in 2023 was $621,603.
Who are the executives of Faith Hope And Love Outreach and what are their salaries?
There is 1 key member and their salary:
- Compensation: $77,500
- Related: $0
- Other: $0
Where can I find the form 990 for Faith Hope And Love Outreach?
Faith Hope And Love Outreach's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Faith Hope And Love Outreach
Faith Hope and Love Outreach is committed to ensuring that every family receives the highest quality childcare and education. They achieve this by providing a safe and healthy learning environment that allows children to grow and succeed in all aspects of life. Beyond childcare, the organization also extends its support to those in need by providing food and clothing. In essence, Faith Hope and Love Outreach aims to nurture children, equipping them with the necessary skills for later life through developmentally appropriate activities. By doing so, the nonprofit organization contributes significantly to the overall development of children, enabling them to thrive in various aspects of life.
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Impact
July, 2024
Faith Hope And Love Outreach impact is truly significant in the Indianapolis community. By providing high-quality childcare and education, they are ensuring that every family has access to the resources needed for children to grow and succeed in all areas of life. Additionally, their provision of food and clothing to those in need demonstrates a commitment to serving the community in a holistic manner. Through their nurturing environment and developmentally appropriate activities, Faith Hope And Love Outreach is equipping children with the skills necessary for their future success. Their dedication to supporting families and children in need is making a tangible difference in the lives of many in Indianapolis.
This information is meant to be a general summary of Faith Hope And Love Outreach. 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 2023.
- Program Service Revenue: $621,603
- Gross Receipts: $621,603
Assets and Liabilities:
- Total Assets: $117,711
- Total Liabilities: $151,721
- Net Assets: -$34,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAYCARE INCOME
Revenue
$621,603
Organization Details
Founding Year
2017
NTEE Category
Code: X99 - Religion related
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