Overview
What is Operation Hope Inc?
Operation Hope Inc is a nonprofit organization situated in Atlanta, Georgia, with a significant presence at 191 Peachtree Street NE 3840. Their mission revolves around financial education and empowerment in underserved communities. The primary focus of Operation Hope is their Adult HOPE Inside program, which helps individuals improve their financial situations by addressing credit denial factors and increasing their FICO scores, on average, by 42 points. The programs offered include financial literacy workshops, entrepreneurial training, foreclosure prevention counseling, money management, homeownership assistance, small business development, and credit & money management. In 2022, Operation Hope served 176,880 adults and expanded their network to 230 locations. Their work leads to substantial savings, reduced debt, and mortgage loan acquisitions for their clients. Operation Hope's ultimate goal is to create financially stable communities and stakeholders.
Official website here: www.operationhope.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Star rating)
Operation Hope Inc demonstrates a strong performance in accountability and finance, reflected in its impressive 97% rating. The organization has a majority of independent board members and a solid financial oversight structure, contributing to its overall credibility. The charity excels in using constituent feedback effectively, scoring 100% in multiple feedback-related categories, indicating a strong commitment to community engagement and responsiveness.
However, some concerns have been raised regarding the charity's past financial irregularities, including the reissuance of its 2017 audited financial statements and the departure of its president in late 2019. These issues have led to a reorganization aimed at stabilizing its operations and finances, which may impact public perception and trust. Despite these challenges, the charity's program expense ratio remains high, suggesting a significant portion of funds is directed toward its mission.
User feedback paints a mixed picture; while some volunteers have praised Operation Hope's programs for effectively educating youth about financial literacy, others have raised red flags about its operational integrity. This combination of strengths in financial management and community programs, along with past controversies, presents a nuanced view of the organization.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Operation Hope Inc?
98% of 278 reviewers on Facebook recommend Operation Hope Inc. Here's a summary of their reviews:
Many individuals express deep appreciation for the organization, highlighting its impactful support in improving credit situations. A common theme is the hands-on approach of the staff, which seems to resonate strongly with clients who felt lost before seeking help. One user noted a significant turnaround in their life, attributing their newfound hope and financial literacy to the assistance provided by Operation Hope.
Overall, it appears that the nonprofit effectively delivers on its promises, offering valuable guidance and resources to those facing financial challenges. Clients consistently feel supported in their journey towards better financial health, fostering a sense of trust and gratitude towards the organization.
This AI summary has been generated from reviews found on Facebook.
Is Operation Hope Inc legitimate?
Operation Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation 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: $3,729,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,755,749
For more financial information, click here
Official website here: www.operationhope.org
What is the mission statement of Operation Hope Inc?
Operation Hope Inc is dedicated to expanding economic opportunities in underprivileged communities through financial education and empowerment. Their mission is to offer programs that foster stable communities and create financial stakeholders. Adults are provided essential resources to enhance their financial situations, with an average increase of 42 points in FICO scores after seeking assistance. Operation Hope's initiatives encompass financial literacy workshops, entrepreneurial training, credit and money management, homeownership assistance, and small business development. In 2022, they served 176,880 adults and expanded their network to 230 locations, resulting in increased savings, reduced debt, and the acquisition of $103 million in mortgage loans for their clients.
Official website here: www.operationhope.org
Who is the CEO of Operation Hope Inc?
Brian Betts is the Chairman/Ceo of Operation Hope Inc. The CEO's salary of Operation Hope Inc is $633,555 and their total compensation is $655,323.
Official website here: www.operationhope.org
What is the revenue of Operation Hope Inc?
Operation Hope Inc's revenue in 2022 was $38,394,389.
Official website here: www.operationhope.org
Who are the executives of Operation Hope Inc and what are their salaries?
The average compensation at Operation Hope Inc during 2022 was $54,888. There are 355 employees and 498 volunteers at Operation Hope Inc.
Here are 24 key members and their salaries (Operation Hope Inc's CEO's salary is $633,555 and their total compensation is $655,323):
- Compensation: $633,555
- Related: $0
- Other: $21,768
- Compensation: $461,747
- Related: $0
- Other: $17,307
- Compensation: $375,941
- Related: $0
- Other: $16,799
- Compensation: $276,898
- Related: $0
- Other: $20,545
- Compensation: $279,503
- Related: $0
- Other: $13,338
- Compensation: $285,880
- Related: $0
- Other: $3,877
- Compensation: $222,759
- Related: $0
- Other: $6,408
- Compensation: $211,214
- Related: $0
- Other: $11,567
- Compensation: $183,472
- Related: $0
- Other: $15,081
- Compensation: $138,665
- Related: $0
- Other: $4,164
- Compensation: $133,375
- Related: $0
- Other: $8,552
- Compensation: $124,934
- Related: $0
- Other: $10,045
- Compensation: $122,391
- Related: $0
- Other: $9,510
- Compensation: $111,342
- Related: $0
- Other: $8,873
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.operationhope.org
Where can I find the form 990 for Operation Hope Inc?
Operation Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.operationhope.org
Learn more at the official website: www.operationhope.org
Mission Statement of Operation Hope Inc
Operation Hope Inc, a mission-driven organization, strives to broaden economic opportunities in disadvantaged communities by delivering financial education and empowerment. Through their innovative programs, they aim to foster financially stable communities and cultivate responsible stakeholders.
At the heart of Operation Hope Inc's initiatives is the Adult HOPE Inside program. This program extends a helping hand to individuals seeking to enhance their financial situations. By approving clients upon request, committing to resolving primary credit denial factors, and providing personalized guidance, Operation Hope Inc has helped boost FICO scores by an average of 42 points.
The organization's comprehensive offerings encompass Financial Literacy Workshops, Entrepreneurial Training, Foreclosure Prevention counseling, Money Management sessions, Homeownership guidance, Small Business resources, and Credit & Money Management expertise. In 2022, Operation Hope Inc rendered 176,880 adult services, further expanding their HOPE Inside network to 230 locations. The transformative impact of these services is evident in the achievements of their clients, who increased their savings by $1,100, reduced their debt by $1,944, and secured $103 million in mortgage loans.
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Impact
October, 2024
Operation HOPE Inc has significantly expanded economic opportunities in underserved communities by focusing on financial education and empowerment. Through its various programs, such as the Adult HOPE Inside initiative, it provides clients with essential resources to improve their financial situations. Notably, the organization supports individuals on their journey to achieving better credit through its 700-credit score initiative, helping clients increase their FICO scores by an average of 42 points.
In 2022 alone, Operation HOPE served over 176,880 adults and expanded its network to 230 locations, demonstrating its commitment to accessibility. Clients experienced tangible benefits, including an average increase in savings of $1,100, a reduction in debt by approximately $1,944, and the acquisition of $103 million in mortgage loans. Programs offered encompass Financial Literacy Workshops, Entrepreneurial Training, foreclosure prevention counseling, money management, and small business advice, all aimed at fostering stabilized communities and developing financial stakeholders.
The impact of Operation HOPE is evident in the enhanced financial literacy and stability of its clients, leading to stronger economic outcomes and empowered individuals in the communities it serves.
This information is meant to be a general summary of Operation 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.
- Investment Income: $52,909
- Gross Receipts: $38,394,389
Assets and Liabilities:
- Total Assets: $45,411,250
- Total Liabilities: $8,840,845
- Net Assets: $36,570,405
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Organization Details
Founding Year
1992
Phone
(404) 941-2919Principal Officer
Brian Betts
Main Address
191 PEACHTREE STREET NE 3840, ATLANTA, GA, 30303
Website
www.operationhope.orgNTEE Category
Code: Z99Z - Unknown
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