Hope Enterprises Of America Inc

Charity Navigator Rating: 52% (One-Star out of Four Stars)

Hope Enterprises Of America Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored only 52% overall, which raises red flags about its governance and transparency. Key areas of failure include a lack of independent board members, missing financial statements, and absent essential policies such as conflict of interest and whistleblower protections.

Despite these shortcomings, the nonprofit shows some strength in its program expense ratio, which stands at an impressive 93.47%. This suggests that the majority of its expenditures are directed towards its charitable activities. Additionally, the organization has a favorable liabilities to assets ratio of 18.78%, indicating a manageable level of debt relative to its assets.

However, the absence of critical governance structures and policies could undermine donor confidence and the organization's long-term sustainability. It is crucial for Hope Enterprises Of America Inc to address these issues to improve its operational transparency and accountability.

This AI summary has been generated from information found on Charity Navigator.

Hope Enterprises Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Enterprises Of America 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: $103,186

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