Hopeful Beginnings

Charity Navigator rates Hopeful Beginnings with a score of 54%, resulting in a One-Star out of Four Star rating. This score indicates significant areas for improvement, particularly in accountability and financial transparency. The absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about governance practices.

Despite these challenges, the organization demonstrates strengths in its board structure, with 100% independent members, and has successfully avoided any material diversion of assets. Additionally, a high program expense ratio of 94.33% suggests that a substantial portion of its funding is directed toward its programs, which is a positive indicator of its commitment to its mission.

However, the organization faces noteworthy limitations, particularly in financial management as evidenced by a liabilities to assets ratio exceeding 100%. The lack of a posted tax form on its website further detracts from its accountability. Overall, while Hopeful Beginnings shows potential in program spending and governance structure, it must address its financial practices and transparency issues to improve its standing.

This AI summary has been generated from information found on Charity Navigator.

Hopeful Beginnings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopeful Beginnings 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: $54,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,599,854

For more financial information, click here