Overview
What is Hands Of Hope Inc?
Hands of Hope Inc, situated in Durant, Oklahoma, is a compassionate nonprofit organization dedicated to uplifting those in need. Their primary mission revolves around providing hope, as evidenced by distributing over 1.1 million pounds of food to 14,233 individuals in 2022 alone. Beyond food aid, they extend a helping hand to the community by assisting with essential expenses such as rent, utilities, medical costs, and transportation. In 2022, they offered assistance to over 251 individuals in these areas. Their faith-driven approach underpins their commitment to serve the community selflessly, with love and care, regardless of the form it takes.
Official website here: www.handsofhope.info
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Hands Of Hope Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance, with a score of 77%. The organization demonstrates strong financial practices, evidenced by a high program expense ratio of 96.35%, meaning that a significant portion of its resources is directed towards its mission. Additionally, the charity has a very low liabilities to assets ratio of 1.54%, suggesting sound financial stability.
The organization excels in governance aspects such as having a majority of independent board members and established policies for conflict of interest, whistleblowing, and document retention. These components contribute positively to its overall accountability score. Furthermore, there is no indication of material diversion of assets or loans to and from officers, showcasing ethical financial management.
However, while the charity's working capital ratio is below average at 0.19 years, this could indicate potential liquidity issues in meeting short-term obligations. Overall, Hands Of Hope Inc demonstrates a commendable commitment to transparency and efficient use of funds, but may need to address its working capital concerns to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hands Of Hope Inc legitimate?
Hands Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hands 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:
Executive Compensation: $33,299
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,538
For more financial information, click here
Official website here: www.handsofhope.info
What is the mission statement of Hands Of Hope Inc?
The mission of Hands of Hope Inc. is to instill hope in the hopeless by offering food to those in need. Their overarching objective is to positively impact the next generation by showing love and imparting knowledge to families one at a time. They firmly believe in the existence and active nature of God, who has a purpose for every individual's life. Illness and poverty are not part of His plan, which motivates Hands of Hope Inc. to serve their community in various ways. This can include providing medical aid, utility assistance, bus tickets, temporary housing, food, and prayer, all done with selflessness and love.
Official website here: www.handsofhope.info
Who is the CEO of Hands Of Hope Inc?
Jeremy Sheriff is the Vice Preside of Hands Of Hope Inc.
Official website here: www.handsofhope.info
What is the revenue of Hands Of Hope Inc?
Hands Of Hope Inc's revenue in 2022 was $2,232,536.
Official website here: www.handsofhope.info
Who are the executives of Hands Of Hope Inc and what are their salaries?
The average compensation at Hands Of Hope Inc during 2022 was $13,262. There are 7 employees and 75 volunteers at Hands Of Hope Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $31,629
- Other: $740
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.handsofhope.info
Where can I find the form 990 for Hands Of Hope Inc?
Hands Of Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.handsofhope.info
Learn more at the official website: www.handsofhope.info
Mission Statement of Hands Of Hope Inc
Hands of Hope Inc, a nonprofit organization, is committed to providing hope to the hopeless. Their primary mission is to change the lives of the next generation by showing love and offering teachings to families in need. They believe in the existence and relevance of God, who has a plan for every individual's life. The organization, driven by compassion and love, strives to serve their community in various ways. This includes providing medical aid, assistance with utilities, bus tickets, shelter for the homeless, and, as has always been their focus, food and prayer. Their selfless approach to service is a testament to their heart for the community, aiming to uplift and empower those in need.
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Impact
July, 2024
Hands Of Hope Inc's impact is substantial, providing hope to the hopeless by distributing food to those in need. In 2022 alone, the organization assisted 14,233 individuals with 1,168,999 pounds of food. Additionally, they offered financial aid to 251 individuals, totaling over $40,000, to cover expenses such as rent, utilities, medical costs, and transportation. Through their dedicated efforts in Durant, Oklahoma, Hands Of Hope Inc strives to change the lives of individuals and families, showing them love, support, and practical assistance in times of need.
This information is meant to be a general summary of Hands 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: $2,232,536
Assets and Liabilities:
- Total Assets: $384,863
- Total Liabilities: $7,553
- Net Assets: $377,310
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Organization Details
Founding Year
1992
Phone
(580) 920-1791Principal Officer
Jeremy Sheriff
Main Address
724 W MAIN ST, DURANT, OK, 74701
Website
www.handsofhope.infoNTEE Category
Code: K31 - Food
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