Overview
What is Path Of Hope Inc?
Path of Hope Inc is a nonprofit organization situated in Lexington, North Carolina. Its primary mission revolves around providing substance abuse treatment, a service that has been delivered to a total of 12,215 days' worth of clients. With a dedicated staff of 46 employees, they strive to offer comprehensive care and support to individuals struggling with substance abuse issues. Despite not having specific data on the geographical reach of their services, it can be inferred that they are dedicated to making a meaningful difference in the lives of those who need it most.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Path Of Hope Inc has received a two-star rating from Charity Navigator, with an overall score of 71%. The organization demonstrates strong governance practices, with a fully independent board and effective policies in place for conflict of interest and asset management. The program expense ratio is notably high at 93.75%, indicating that a substantial portion of their funds is directed towards their mission-related activities.
User feedback from Great Nonprofits reflects a positive community perception, with one user highlighting the life-changing impact of the organization on individuals battling drug and alcohol addiction. The review emphasizes the essential tools and support provided to those in need, suggesting that the services offered by Path Of Hope are well-regarded and beneficial to their clients.
However, the accountability and finance score reveals some concerns, particularly with the liabilities to assets ratio being relatively high at 61.01%. While the organization has strong governance mechanisms, the financial stability indicators suggest areas that may require attention to ensure sustainable operations and long-term impact.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Path Of Hope Inc legitimate?
Path Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Path 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $759,789
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What is the mission statement of Path Of Hope Inc?
Path of Hope Inc, a non-profit organization, is dedicated to providing substance abuse treatment. Their mission is geared towards helping individuals overcome addiction and lead healthier lives. Through their efforts, they have served a total of 12,215 days, indicating a significant commitment to their cause. The organization's focus is on offering comprehensive treatment programs aimed at addressing substance abuse issues. They strive to create a supportive environment where people can recover and build a foundation for a substance-free future.
Who is the CEO of Path Of Hope Inc?
Angie Banther is the Board Member of Path Of Hope Inc.
What is the revenue of Path Of Hope Inc?
Path Of Hope Inc's revenue in 2023 was $1,054,574.
Who are the executives of Path Of Hope Inc and what are their salaries?
The average compensation at Path Of Hope Inc during 2023 was $16,517. There are 46 employees at Path Of Hope Inc.
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Where can I find the form 990 for Path Of Hope Inc?
Path Of Hope Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Path Of Hope Inc
Path of Hope Inc, a nonprofit organization, is dedicated to the mission of substance abuse treatment. This organization offers a service that aims to help individuals overcome their struggles with substance abuse, providing them with a total of 12,215 days of service. By focusing on this crucial issue, Path of Hope Inc strives to make a positive impact on the lives of those battling addiction, offering them a chance at recovery and a brighter future.
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Impact
June, 2024
Path Of Hope Inc has made a significant impact in the city of Lexington, North Carolina, by providing substance abuse treatment services. Over a total of 12,215 days, individuals have been served and supported in their journey towards recovery. The organization's mission to address substance abuse and mental health challenges has undoubtedly made a positive difference in the community.
This information is meant to be a general summary of Path 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: $199
- Program Service Revenue: $1,004,066
- Gross Receipts: $1,056,713
Assets and Liabilities:
- Total Assets: $735,632
- Total Liabilities: $448,862
- Net Assets: $286,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residential fees
Revenue
$995,381
Rent
Revenue
$8,685
Organization Details
Founding Year
1976
Principal Officer
Angie Banther
Main Address
P O Box 1824, Lexington, NC, 27293
NTEE Category
Code: F22Z - Mental health
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