Overview
What is Hope Outreach Inc?
Hope Outreach Inc, located in Enid, Oklahoma, is a nonprofit organization with a mission to empower individuals towards responsible living. Their primary activity is operating Uptown Bargain Spot, a thrift store that provides clothing, furniture, and household goods to its patrons. This community network serves as a redistribution hub for available resources, ensuring that essential items reach those who need them. With a workforce of 66 dedicated individuals, Hope Outreach Inc aims to contribute positively to its community by promoting responsible living.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% - Three-Star out of Four Star rating.
Hope Outreach Inc has earned a Three-Star rating from Charity Navigator, reflecting solid performance in its accountability and financial practices. The overall score is derived entirely from the Accountability & Finance beacon, where the organization achieved a score of 82%. This indicates a strong commitment to transparent financial management and operational effectiveness.
The nonprofit features a fully independent board, with all 12 members meeting the criteria for independence. Additionally, it has demonstrated excellence in financial oversight, as evidenced by its perfect scores in audit and oversight functions, as well as maintaining no material diversion of assets. The organization also effectively documents board meeting minutes, further contributing to its strong accountability profile.
Despite these strengths, it's important to consider that the rating is based solely on the accountability and finance metrics. While the program expense ratio is impressive at 82.96%, which signifies a majority of expenditures are directed towards program services, potential donors may want to explore additional aspects of Hope Outreach Inc's impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Outreach Inc legitimate?
Hope Outreach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Outreach 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: $83,753
Professional Fundraising Fees: $0
Other Salaries and Wages: $586,030
For more financial information, click here
What is the mission statement of Hope Outreach Inc?
Hope Outreach Inc's mission is centered around empowering individuals towards responsible living. This organization strives to achieve this goal by serving as a community network, redistributing available resources such as clothing, furniture, and household goods to its patrons through its thrift store, Uptown Bargain Spot.
Who is the CEO of Hope Outreach Inc?
Matthew Lohman is the Member of Hope Outreach Inc.
What is the revenue of Hope Outreach Inc?
Hope Outreach Inc's revenue in 2022 was $1,368,741.
Who are the executives of Hope Outreach Inc and what are their salaries?
The average compensation at Hope Outreach Inc during 2022 was $10,148. There are 66 employees at Hope Outreach Inc.
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Where can I find the form 990 for Hope Outreach Inc?
Hope Outreach Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hope Outreach Inc
Hope Outreach Inc, a nonprofit organization, is dedicated to empowering individuals towards responsible living. Through its mission, the organization aims to facilitate this empowerment. Uptown Bargain Spot, a thrift store operated by Hope Outreach Inc, serves as a community network, distributing clothing, furniture, and household goods to its patrons. This redistribution of resources is a testament to Hope Outreach Inc's commitment to uplifting its community members, encouraging them to live responsibly.
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Impact
July, 2024
Hope Outreach Inc's impact can be seen in their efforts to empower individuals towards responsible living through various initiatives. One notable activity is the Uptown Bargain Spot, a thrift store that provides clothing, furniture, and household goods to store patrons. This not only serves as a community network for redistribution of available resources but also contributes to promoting sustainable living practices. By offering these essential items at affordable prices, Hope Outreach Inc is helping individuals in need access necessary resources to improve their quality of life. Their mission to empower people towards responsible living is evident in their dedication to providing practical support and fostering a sense of community within the city of Enid, Oklahoma.
This information is meant to be a general summary of Hope Outreach 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.
- Investment Income: $1,253
- Program Service Revenue: $802,090
- Gross Receipts: $1,368,741
Assets and Liabilities:
- Total Assets: $1,920,720
- Total Liabilities: $33,100
- Net Assets: $1,887,620
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT SHOP SALES
Revenue
$984,692
RECYCLED ITEMS
Revenue
$23,389
ALL OTHER PROGRAMS
Revenue
$9,813
LESS COST OF GOODS
Revenue
-$215,804
Organization Details
Founding Year
1991
Phone
(580) 237-2292Principal Officer
Matthew Lohman
Main Address
PO BOX 1067, ENID, OK, 73702
NTEE Category
Code: P200 - Human services
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