Overview
What is Life Of Hope Ministries?
Life of Hope Ministries is a nonprofit organization based in Joplin, Missouri, with a postal address. Its primary mission is to expand God's kingdom by empowering and providing resources to Christian ministries in Guatemala. These ministries focus on assisting children and families living in at-risk or street situations. The organization's initiatives encompass various field support projects, such as Adriana Polanco Suazo, Tesoros de Gracia, and Tiempo de Rescate. Although the number of employees is limited to two, their work significantly impacts the lives of vulnerable children and families in Guatemala, working towards a better future.
Official website here: www.lifeofhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Life Of Hope Ministries has received an 84% rating from Charity Navigator, which corresponds to a Three-Star rating. This score is derived entirely from its Accountability & Finance metrics, indicating a strong focus on fiscal responsibility and transparency. The organization demonstrates commendable practices, including a fully independent board, well-documented financial statements, and no material diversion of assets.
The nonprofit's strengths lie in its high program expense ratio of 93.07%, showing that a significant portion of its funds is directly allocated to its mission-related activities. Additionally, the absence of material financial issues and the proper management of liabilities to assets further reflect its sound financial health. The organization also maintains accessible documentation, such as board meeting minutes and its tax form on its website.
However, there are areas needing improvement, specifically the lack of key policies such as conflict of interest and whistleblower protections. The absence of these policies may raise concerns regarding governance and accountability. Addressing these gaps could enhance the organization's overall rating and ensure more robust operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Life Of Hope Ministries legitimate?
Life Of Hope Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Of Hope Ministries 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: $62,354
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,316
For more financial information, click here
Official website here: www.lifeofhope.org
What is the mission statement of Life Of Hope Ministries?
Life of Hope Ministries aims to expand God's kingdom by empowering and providing resources to Christian ministries in Guatemala. These ministries focus on reaching children and families living in at-risk or street situations. The organization's purpose is to support these ministries in their mission, thereby contributing to the betterment of vulnerable individuals in Guatemala. Various field support initiatives are carried out by Life of Hope Ministries to achieve this goal, including collaborations with organizations such as Adriana Polanco Suazo, Tesoros de Gracia, and Tiempo de Rescate.
Official website here: www.lifeofhope.org
Who is the CEO of Life Of Hope Ministries?
Devin Chance is the Executive Director of Life Of Hope Ministries.
Official website here: www.lifeofhope.org
What is the revenue of Life Of Hope Ministries?
Life Of Hope Ministries's revenue in 2022 was $989,914.
Official website here: www.lifeofhope.org
Who are the executives of Life Of Hope Ministries and what are their salaries?
The average compensation at Life Of Hope Ministries during 2022 was $59,335. There are 2 employees at Life Of Hope Ministries.
Here are 7 key members and their salaries:
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Official website here: www.lifeofhope.org
Where can I find the form 990 for Life Of Hope Ministries?
Life Of Hope Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifeofhope.org
Learn more at the official website: www.lifeofhope.org
Mission Statement of Life Of Hope Ministries
Life of Hope Ministries is an organization with a mission to expand God's kingdom. They achieve this by empowering and providing resources to Christian ministries in Guatemala that focus on reaching children and families living in at-risk or street situations. Their purpose is to make a significant impact in these communities, helping to improve their lives and guide them towards a better future.
The work of Life of Hope Ministries is multifaceted, involving various field support initiatives in Guatemala. Some of the ministries they support include Adriana Polanco Suazo, Tesoros de Gracia, and Tiempo de Rescate. These ministries are dedicated to providing support and resources to children and families in need, helping them overcome the challenges they face and offering them a chance at a better life. Through their partnerships, Life of Hope Ministries is able to make a meaningful difference in the lives of those they serve, helping to bring hope and transformation to vulnerable communities.
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Impact
July, 2024
Life Of Hope Ministries's impact can be seen in the transformation of lives in Guatemala through empowering and supporting Christian ministries that work with children and families living in at-risk or street situations. Through various field support initiatives such as Adrana Polanco Suazo, Tesoros de Gracia, and Tiempo de Rescate, this organization is making a significant difference on the ground. By expanding God's kingdom in Guatemala, they are providing hope, resources, and assistance to those who need it most. Their work is not just local but international, reaching across borders to make a positive impact on communities in need.
This information is meant to be a general summary of Life Of Hope Ministries. 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 2022.
- Investment Income: $22,574
- Gross Receipts: $989,914
Assets and Liabilities:
- Total Assets: $263,843
- Total Liabilities: $3,187
- Net Assets: $260,656
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Organization Details
Founding Year
1999
Principal Officer
Devin Chance
Main Address
PO BOX 223, JOPLIN, MO, 648020223
Website
www.lifeofhope.orgNTEE Category
Code: Q33 - International
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