Overview
What is Light Of Hope Inc?
Light of Hope Inc, situated in Brooklyn, New York, serves as a spiritual and community center for local Muslims. Operating from the Islamic Center of Imam Abu Hanifa, its primary mission is to cater to the spiritual, religious, and communal needs of the Muslim community. This is achieved through various means, including worship services, charitable activities, educational programs, outreach initiatives, and civic engagement. The center offers spiritual development and assistance in various aspects of life for its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (57%)
Light Of Hope Inc has received a One-Star rating from Charity Navigator, indicating a below-average performance in accountability and finance. The organization has a strong governance structure with 100% of its board members being independent and has been noted for its effective policies regarding conflict of interest and whistleblower protection.
However, the nonprofit struggles with financial transparency, as evidenced by the absence of financial statements which resulted in a score of zero in that area. Additionally, while the program expense ratio is at 52.32%, this suggests that less than half of the organization's expenses are directed towards its programs, which raises concerns about its overall financial efficiency and impact.
Despite these limitations, the organization does maintain a good liabilities to assets ratio at 0.00%, indicating no debt, which is a positive sign for financial stability. Overall, while Light Of Hope Inc has strengths in governance and accountability policies, its financial reporting and program funding efficiency need significant improvement to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Light Of Hope Inc legitimate?
Light Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Light Of 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: $43,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,166
For more financial information, click here
What is the mission statement of Light Of Hope Inc?
Light of Hope Inc's mission is centered around serving the spiritual, religious, and communal needs of the local Muslim community. They achieve this by nurturing their faith, upholding their values, and promoting the well-being of the surrounding community. This is carried out through various means such as worship, charity, education, outreach, and civic engagement. The organization operates the Islamic Center of Imam Abu Hanifa, providing spiritual development and assistance in the social and material aspects of life for its members.
What is the revenue of Light Of Hope Inc?
Light Of Hope Inc's revenue in 2023 was $508,197.
Who are the executives of Light Of Hope Inc and what are their salaries?
There 10 volunteers at Light Of Hope Inc.
Here are 10 key members and their salaries:
- Compensation: $22,000
- Related: $0
- Other: $0
- Compensation: $11,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 Light Of Hope Inc?
Light Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Light Of Hope Inc
Light of Hope Inc, a nonprofit organization, is dedicated to serving the spiritual, religious, and communal needs of its local Muslim community. Its mission is multifaceted, encompassing the nurturing of faith, the upholding of values, and the promotion of the well-being of the surrounding community. This is achieved through various means, including worship, charity, education, outreach, and civic engagement.
The organization's primary focus is to provide spiritual development and assistance in the social and material spheres of life for its community members. This is accomplished through the operation of the Islamic Center of Imam Abu Hanifa, which serves as a hub for these activities. By offering a nurturing environment for faith and values, and providing essential support in various aspects of life, Light of Hope Inc strives to foster a strong and cohesive community.
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Impact
July, 2024
Light Of Hope Inc's impact is centered around serving the spiritual, religious, and communal needs of the area Muslim community in Brooklyn, NY. Through the operation of the Islamic Center of Imam Abu Hanifa, the organization provides opportunities for spiritual development and assistance in the social and material spheres of life for community members. Their mission is to nurture faith, uphold values, and foster the well-being of the surrounding community through worship, charity, education, outreach, and civic engagement. This work directly contributes to the upliftment and support of individuals within the Muslim community and helps in building a stronger, more interconnected community in Brooklyn.
This information is meant to be a general summary of Light Of 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 2023.
- Investment Income: $202
- Gross Receipts: $508,197
Assets and Liabilities:
- Total Assets: $1,266,938
- Total Liabilities: $0
- Net Assets: $1,266,938
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Organization Details
Founding Year
2011
Principal Officer
Shokirjon N Komilov
NTEE Category
Code: P60 - Human services
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