Overview
What is Hope Inc?
Hope Inc, specifically known as Project Hope, is a nonprofit organization situated in Rock Hill, South Carolina. Their primary mission is to aid those in need by offering assistance with essentials such as food, utility bills, housing, and medication. Through their crisis assistance ministry, they managed to provide food to 8,921 families, ensuring each family had at least two nutritious meals per day for a week. This equated to serving around 29,659 individuals, amounting to approximately 415,226 meals in a year.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Hope Inc has received an 85% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects a commitment to maintaining transparency and effective financial practices, as evidenced by a perfect score in several key areas, including the majority of independent board members and the absence of material asset diversion.
The organization demonstrates a strong financial management structure, with high program expense ratios and a favorable liabilities to assets ratio. However, the fundraising efficiency ratio is noted to be less impressive, reflecting challenges in generating funds relative to expenses incurred in fundraising efforts. This could be a potential area for improvement to enhance overall financial sustainability.
Overall, while Hope Inc excels in governance and programmatic spending, addressing its fundraising efficiency could further bolster its financial health and mission impact. The organization appears to be well-managed, with policies in place to promote accountability and integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Inc legitimate?
Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hope Inc?
Hope Inc, as a crisis assistance ministry, is committed to assisting individuals in need. Their mission is to provide essential aid, specifically focusing on food, utility bills, medicine, transportation, and temporary lodging. They strive to alleviate hardships by supplying families with enough food for at least two nutritious meals per day for a week, serving a significant number of individuals annually. This organization's mission aims to improve the livelihoods of those struggling, providing them with the necessities to maintain their daily lives.
Who is the CEO of Hope Inc?
George Kelly is the Chairman Of The Board/Trea of Hope Inc.
What is the revenue of Hope Inc?
Hope Inc's revenue in 2022 was $2,007,877.
Who are the executives of Hope Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Compensation: $76,000
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Where can I find the form 990 for Hope Inc?
Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Inc
Hope Inc, a crisis assistance ministry, is dedicated to helping those in need. Their mission, as stated, is to provide essential support to individuals and families who are struggling financially. This support encompasses various necessities such as food, utilities, medicine, transportation, and even lodging. By doing so, Hope Inc aims to alleviate some of the burden faced by those in poverty.
In practice, Hope Inc supplies food to numerous families, ensuring each family has enough sustenance for at least two substantial meals per day for a week. This generous contribution equates to serving over 29,659 individuals in a year, amounting to approximately 415,226 meals. This significant effort by Hope Inc not only addresses immediate food insecurity but also contributes to the overall well-being of the community.
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Impact
July, 2024
Hope Inc's impact is significant in providing much-needed assistance to those in need in Rock Hill, SC. Through their crisis assistance ministry, they have supplied food to 8,921 families, totaling approximately 415,226 meals for the year. In addition to food assistance, they also offer help with utility bills, housing, and medicine, ensuring that the most vulnerable members of the community receive the support they need to thrive.
This information is meant to be a general summary 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 2022.
- Gross Receipts: $2,007,877
Assets and Liabilities:
- Total Assets: $1,103,897
- Total Liabilities: $222,243
- Net Assets: $881,654
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Organization Details
Founding Year
1975
Phone
(803) 328-8000Principal Officer
George Kelly
Main Address
504 Oakland Avenue, Rock Hill, SC, 29730
NTEE Category
Code: P600 - Human services
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