Overview
What is Restoring Hope Center Inc?
Restoring Hope Center Inc, located in Laurinburg, North Carolina, is a benevolent nonprofit organization dedicated to serving the community. Their primary mission involves providing nutritious meals to underprivileged children during their summer break, ensuring they don't go hungry. Besides this, the organization collaborates with other non-profits and directly aids needy families, distributing essential supplies. Furthermore, Restoring Hope Center Inc. runs a Christmas Hope program for underprivileged families and children, offering support during the holiday season. With a team of five dedicated individuals, this organization continues to make a significant impact in their local community.
Official website here: www.restoringhopecenterinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Restoring Hope Center Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance overall. With a strong Accountability & Finance Score of 85 and an impressive Leadership & Adaptability Score of 100, the organization demonstrates a commitment to effective governance and sound financial practices.
The nonprofit primarily focuses on providing groceries to beneficiaries, showcasing its dedication to community support. Its Program Expense Ratio of 90.41% reflects a significant portion of its budget directed towards programs, supporting its mission effectively. However, the Impact & Measurement Score of 67 suggests there may be room for improvement in demonstrating the measurable outcomes of its services.
While the organization boasts a low Liabilities to Assets Ratio of 0.76% and a Fundraising Efficiency Ratio of $0.00, indicating financial stability and low fundraising costs, the Working Capital Ratio of 0.28 years could raise concerns about its short-term financial health. Overall, while Restoring Hope Center Inc shows strong characteristics, focusing on improving impact measurement could enhance its effectiveness further.
This AI summary has been generated from information found on Charity Navigator.
Is Restoring Hope Center Inc legitimate?
Restoring Hope Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restoring Hope Center 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: $50,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,069
For more financial information, click here
Official website here: www.restoringhopecenterinc.org
What is the mission statement of Restoring Hope Center Inc?
Restoring Hope Center Inc. is a charitable organization that focuses on benevolence efforts. Its primary mission is to alleviate food insecurity by distributing food supplies to both like-minded non-profit organizations and directly to families in need. The organization also conducts summer feeding programs for children who lack access to hot lunches during this period. Furthermore, Restoring Hope Center runs a Christmas Hope program, offering support and assistance to underprivileged families and children during the holiday season.
Official website here: www.restoringhopecenterinc.org
Who is the CEO of Restoring Hope Center Inc?
Timothy Hodge is the President of Restoring Hope Center Inc.
Official website here: www.restoringhopecenterinc.org
What is the revenue of Restoring Hope Center Inc?
Restoring Hope Center Inc's revenue in 2022 was $1,705,175.
Official website here: www.restoringhopecenterinc.org
Who are the executives of Restoring Hope Center Inc and what are their salaries?
The average compensation at Restoring Hope Center Inc during 2022 was $11,294. There are 5 employees and 25 volunteers at Restoring Hope Center Inc.
Here are 7 key members and their salaries:
- Compensation: $50,400
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.restoringhopecenterinc.org
Where can I find the form 990 for Restoring Hope Center Inc?
Restoring Hope Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.restoringhopecenterinc.org
Learn more at the official website: www.restoringhopecenterinc.org
Mission Statement of Restoring Hope Center Inc
Restoring Hope Center Inc, a benevolent organization, is dedicated to providing assistance to those in need and like-minded non-profit entities. Their mission is multi-faceted, encompassing the distribution of food and essential supplies to the local community. During the summer months, when school is out and many children lack access to a hot lunch, Restoring Hope Center Inc operates a summer feeding program. Furthermore, they extend their generosity during the festive season through their Christmas Hope program, catering to underprivileged families and children. By providing these programs, Restoring Hope Center Inc plays a significant role in alleviating hunger and hardship in their community, demonstrating their commitment to making a positive impact.
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Impact
July, 2024
Restoring Hope Center Inc's impact can be seen in the lives of underprivileged children and families in Laurinburg, NC. Through their food distribution programs to both like-minded nonprofit organizations and directly to needy families, they are able to provide essential support to those in need. In particular, their summer feeding program ensures that children have access to hot meals when school is on break, addressing food insecurity during this time. Additionally, their Christmas Hope program brings joy and assistance to underprivileged families and children during the holiday season. By focusing on human services and providing vital resources, Restoring Hope Center Inc is making a meaningful impact in their community.
This information is meant to be a general summary of Restoring Hope Center 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 2022.
- Gross Receipts: $1,705,175
Assets and Liabilities:
- Total Assets: $509,520
- Total Liabilities: $8,110
- Net Assets: $501,410
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Organization Details
Founding Year
2010
Phone
(910) 276-4460Principal Officer
Timothy Hodge
Main Address
PO BOX 1497, LAURINBURG, NC, 283531497
NTEE Category
Code: P40 - Human services
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