Overview
What is Finding Hope Ministries?
Finding Hope Ministries is a nonprofit organization that extends its assistance to various communities in need. Primarily, their focus is on supporting a children's home and providing essential medical care in Romania and Ukraine. Besides this, they also aim to help the underprivileged population in Alexander County, North Carolina. Furthermore, Finding Hope Ministries is dedicated to funding a church in Romania and providing for the basic needs of twelve children residing in the children's home. In summary, their mission is to alleviate poverty and offer aid in various forms to those in need across different geographical locations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 65%
Finding Hope Ministries has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. While the overall score is 65%, the organization demonstrates strong accountability and finance practices, particularly with a program expense ratio of 91.56%, meaning a significant portion of their expenses directly supports their mission. The board is also fully independent, which can enhance transparency and decision-making.
However, there are notable limitations that impact the organization's rating. The nonprofit has not provided essential financial statements and lacks key governance policies, such as a conflict of interest policy and a whistleblower policy. Additionally, their website is not listed on the tax form, and they have not published board meeting minutes or their tax form on their website, raising concerns about transparency and accessibility of information.
Overall, while Finding Hope Ministries excels in programmatic spending and maintaining an independent board, improvements are needed in governance practices and financial transparency to enhance their accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Finding Hope Ministries legitimate?
Finding Hope Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finding 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:
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For more financial information, click here
What is the mission statement of Finding Hope Ministries?
Finding Hope Ministries is committed to assisting various communities in need. Their mission includes supporting a children's home and providing medical care in Romania and Ukraine. They also aim to help fund a church in Romania. In addition to their international efforts, they are dedicated to aiding the underprivileged in Alexander County, North Carolina. Specifically, they focus on supporting a children's home with 12 children in Romania and helping the children themselves. Overall, Finding Hope Ministries works towards alleviating poverty and providing essential aid to those in need.
Who is the CEO of Finding Hope Ministries?
Nathan Merrill is the Director of Finding Hope Ministries.
What is the revenue of Finding Hope Ministries?
Finding Hope Ministries's revenue in 2022 was $637,365.
Who are the executives of Finding Hope Ministries and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Finding Hope Ministries?
Finding Hope Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Finding Hope Ministries
Finding Hope Ministries, a nonprofit organization, is dedicated to several noble causes. Primarily, it aims to assist in funding a children's home in Romania, providing essential medical care and ensuring the children are well-fed. The organization also extends its support to the underprivileged population in Ukraine. Besides these international endeavors, Finding Hope Ministries is committed to helping the poor and underprivileged in Alexander County, North Carolina. In addition to these initiatives, the organization has plans to support the establishment of a church in Romania. Overall, Finding Hope Ministries is a compassionate entity that seeks to make a tangible difference in the lives of children in need, both domestically and internationally.
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Impact
July, 2024
Finding Hope Ministries has had a significant impact by providing vital support to a children's home, offering medical care, and feeding the poor in Romania and Ukraine. Additionally, they have played a key role in funding a church in Romania and assisting the underprivileged in Alexander County, NC. Through their efforts, they have helped improve the lives of many individuals by ensuring access to necessary resources and services.
This information is meant to be a general summary of Finding 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.
- Program Service Revenue: $15,171
- Gross Receipts: $637,365
Assets and Liabilities:
- Total Assets: $1,076,321
- Total Liabilities: $0
- Net Assets: $1,076,321
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Thrift store
Revenue
$15,171
Organization Details
Founding Year
2016
Phone
(828) 228-4140Principal Officer
Nathan Merrill
Main Address
PO Box 309, Taylorsville, NC, 28681
NTEE Category
Code: P50 - Human services
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