Overview
What is The Char Hope Foundation Inc?
The Char Hope Foundation Inc is a non-profit organization based in Street, Maryland, dedicated to addressing the rising issue of heroin addiction in the local community. Recognizing the struggle of the local government and surrounding areas to provide adequate support for recovery, the foundation serves as a platform for scholarships, treatment, partnerships, and future community endeavors. Their mission is to help adults move forward towards a full recovery, a healthier lifestyle, and a life free from addiction. Through their efforts, they aim to provide unique services that help individuals stay sober, find purpose, heal relationships, and ultimately save lives. With a team of five dedicated individuals, the Char Hope Foundation Inc is committed to making a significant impact in the fight against addiction.
Official website here: www.charhope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Char Hope Foundation Inc has achieved a Three-Star rating from Charity Navigator, indicating a fair level of accountability and financial health. The score is derived solely from the Accountability & Finance beacon, highlighting the organization’s strong performance in managing its resources responsibly. Notably, it has a high score in areas such as an independent board and the absence of material diversion of assets, showing effective governance practices.
However, there are significant areas for improvement, particularly regarding the absence of a conflict of interest policy, a whistleblower policy, and documentation related to retention and destruction. These missing policies may raise concerns about the organization’s operational transparency and risk management. While the foundation excels in program expense ratio, indicating that it allocates 100% of its expenses directly to its programs, the lack of essential governance policies could undermine its overall effectiveness.
Despite these limitations, the Char Hope Foundation demonstrates a solid commitment to financial accountability. Continued focus on improving its governance policies will enhance its transparency and trustworthiness, which are essential for sustaining donor confidence and support in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is The Char Hope Foundation Inc legitimate?
The Char Hope Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Char Hope Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,222
For more financial information, click here
Official website here: www.charhope.org
What is the mission statement of The Char Hope Foundation Inc?
The Char Hope Foundation Inc's mission is centered around assisting adults in overcoming addiction and achieving a healthier lifestyle. Given the rising use of heroin in the community, the foundation aims to provide much-needed support that the local government and surrounding community find challenging. The foundation serves as a platform for scholarships, treatment, partnerships, and future community endeavors. Its commitment is to help individuals stay sober, find purpose, heal relationships, and ultimately save lives by offering a unique service that fosters recovery and personal growth.
Official website here: www.charhope.org
Who is the CEO of The Char Hope Foundation Inc?
Derek Hopkins is the Executive Director of The Char Hope Foundation Inc.
Official website here: www.charhope.org
What is the revenue of The Char Hope Foundation Inc?
The Char Hope Foundation Inc's revenue in 2023 was $308,200.
Official website here: www.charhope.org
Who are the executives of The Char Hope Foundation Inc and what are their salaries?
The average compensation at The Char Hope Foundation Inc during 2023 was $23,244. There are 5 employees and 30 volunteers at The Char Hope Foundation Inc.
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Official website here: www.charhope.org
Where can I find the form 990 for The Char Hope Foundation Inc?
The Char Hope Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.charhope.org
Learn more at the official website: www.charhope.org
Mission Statement of The Char Hope Foundation Inc
The Char Hope Foundation Inc, a non-profit organization, serves as a platform for scholarships, treatment, partnerships, and future community endeavors. Its primary mission is to help adults move forward towards a full recovery, a healthier lifestyle, and a life free from addiction. The foundation recognizes the increasing issue of heroin use in the community and understands the struggle of the local government and surrounding community to provide necessary support. As a result, the foundation is committed to providing a unique service that will help people stay sober, find purpose, heal relationships, and ultimately save lives. The Char Hope Foundation Inc is dedicated to making a significant impact in the lives of those battling addiction, offering hope and a path towards recovery.
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Impact
June, 2024
The Char Hope Foundation Inc plays a vital role in helping adults in our community move towards full recovery, a healthier lifestyle, and a life free from addiction. As our community faces a rising epidemic of heroin use, the foundation is committed to providing essential support that will help individuals stay sober, find purpose, heal relationships, and ultimately save lives. The foundation serves as a platform for scholarships, treatment, partnerships, and future community endeavors, focusing on addressing mental health challenges and substance abuse issues. Through its dedicated efforts, The Char Hope Foundation Inc is making a significant impact by offering hope and assistance to those struggling with addiction and mental health disorders.
This information is meant to be a general summary of The Char Hope Foundation 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.
- Program Service Revenue: $45,040
- Gross Receipts: $320,301
Assets and Liabilities:
- Total Assets: $119,766
- Total Liabilities: $58,713
- Net Assets: $61,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT INCOME
Revenue
$45,040
Organization Details
Founding Year
2016
Phone
(877) 499-1397Principal Officer
Derek Hopkins
Main Address
PO BOX 181, STREET, MD, 21154
Website
www.charhope.orgNTEE Category
Code: F22 - Mental health
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