Hope International
- Assets
- $28.6m
- Revenue
- $37.1m
- Investments
- $306.2k
- Employees
- 198
- Location
- Lancaster, PA
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 23-2836648
Organization Overview
Hope International is located in Lancaster, PA. The organization was established in 1997. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Hope International employed 198 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope International is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Hope International generated $37.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $38.7m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Hope International has awarded 24 individual grants totaling $62,875,074. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INVEST IN THE DREAMS OF FAMILIES IN THE WORLD'S UNDERSERVED COMMUNITIES AS WE PROCLAIM AND LIVE THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SAVINGS-LEDTHE HOPE INTERNATIONAL (HOPE) NETWORK OF SAVINGS GROUP PROGRAMS (SGS) PROVIDE INDIVIDUALS WITH A SAFE PLACE TO SAVE. FACILITATORS TRAIN GROUPS OF 10-30 MEMBERS TO POOL THEIR SAVINGS ON A REGULAR BASIS, SOMETIMES AS LITTLE AS 20-50 CENTS A WEEK. MEMBERS USE THEIR SAVINGS OR TAKE OUT LOANS FROM THE GROUP TO USE AS A BUFFER AGAINST EMERGENCIES, MAKE IMPORTANT HOUSEHOLD PURCHASES, OR INVEST IN BUSINESSES. AS MEMBERS MEET REGULARLY, THEY FELLOWSHIP WITH ONE ANOTHER, PRAY TOGETHER, AND STUDY GOD'S WORD. HOPE-MANAGED AND PARTNER SGS CURRENTLY SERVE AROUND THE GLOBE.
CREDIT-LEDHOPE-NETWORK MICROFINANCE INSTITUTIONS (MFIS) PROVIDE ENTREPRENEURS WITH SAVINGS ACCOUNTS AND SMALL LOANS TYPICALLY RANGING FROM $100-$2,000 TO INVEST IN THEIR BUSINESSES. WHEN INDIVIDUALS MEET REGULARLY TO REPAY THEIR LOANS, THEY ALSO WORSHIP TOGETHER, RECEIVE BUSINESS TRAINING, STUDY SCRIPTURE, AND ENCOURAGE EACH OTHER. ONCE REPAID, LOAN CAPITAL REVOLVES BACK INTO THE FUND TO LEND TO MORE ENTREPRENEURS. HOPE-MANAGED AND PARTNER MFIS CURRENTLY SERVE IN BURUNDI, THE DOMINICAN REPUBLIC, KENYA, MOLDOVA, PARAGUAY, THE PHILIPPINES, THE REPUBLIC OF CONGO, PARAGUAY, ROMANIA, RWANDA AND UKRAINE.
OTHERHOPE'S OTHER PROGRAM SERVICES INCLUDE EDUCATION, THE PATHWAYS OUT OF POVERTY EXHIBIT, THE SAVINGS GROUP EXPERIENCE, AND DSU KIGALI. EDUCATION: HOPE STAFF INTRODUCE INDIVIDUALS TO THE WORK OF HOPE, SHARE A BIBLICAL PERSPECTIVE ON POVERTY, AND SPEAK AT CHURCHES, CONFERENCES, AND OTHER COMMUNITY EVENTS NOT SPONSORED BY HOPE. PATHWAYS OUT OF POVERTY EXHIBIT: THIS MULTI-SENSORY EXHIBIT USES STORIES OF INDIVIDUALS AROUND THE WORLD TO PORTRAY PEOPLE WORKING THEMSELVES OUT OF POVERTY. SAVINGS GROUP EXPERIENCE: HOPE RUNS INTERACTIVE SIMULATIONS AROUND THE U.S., WHICH ARE EXPERIENTIAL LEARNING OPPORTUNITIES DESIGNED TO HELP PARTICIPANTS SYMBOLICALLY EXPERIENCE THE POWER OF SAVINGS GROUPS TO LIFT FAMILIES OUT OF POVERTY. CSU KIGALI: A "CENTRAL SERVICE UNIT" BASED IN RWANDA PROVIDING CONSULTING SERVICES TO PROGRAMS IN HOPE'S GLOBAL NETWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Greer President & CEO | OfficerTrustee | 52 | $141,900 |
Jeffrey Rutt Chairman Of The Board | OfficerTrustee | 1 | $0 |
Chilobe Kalambo Treasurer | OfficerTrustee | 1 | $0 |
Dabbs Cavin Secretary | OfficerTrustee | 1 | $0 |
Cathi Linch Vice Chairman | OfficerTrustee | 1 | $0 |
Lance Wood Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hope Dsu Kigali Consulting | 12/30/23 | $1,176,018 |
Microsoft Corporation Software Licenses | 12/30/23 | $294,175 |
Granite Properties Rent | 12/30/23 | $161,531 |
The Ballantyne Hotel Event Venue | 12/30/23 | $205,177 |
Computer Design & Integration Llc It Service Management | 12/30/23 | $155,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,686,540 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,371,633 |
| Noncash contributions included in lines 1a–1f | $154,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,058,173 |
| Total Program Service Revenue | $0 |
| Investment income | $841,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $177,923 |
| Net Gain/Loss on Asset Sales | -$219,786 |
| Net Income from Fundraising Events | -$897,796 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,095,644 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,749,251 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,050,600 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,349 |
| Compensation of current officers, directors, key employees. | $110,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,771,442 |
| Pension plan accruals and contributions | $408,910 |
| Other employee benefits | $1,920,649 |
| Payroll taxes | $754,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,881 |
| Fees for services: Accounting | $47,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,309,118 |
| Advertising and promotion | $771,843 |
| Office expenses | $770,661 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,468,156 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $191,022 |
| Insurance | $50,186 |
| All other expenses | $1,959 |
| Total functional expenses | $38,678,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,951,650 |
| Savings and temporary cash investments | $27,205 |
| Pledges and grants receivable | $2,317,910 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $618,912 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,090,011 |
| Net Land, buildings, and equipment | $3,531,876 |
| Investments—publicly traded securities | $17,726,422 |
| Investments—other securities | $306,224 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,040,621 |
| Total assets | $28,610,831 |
| Accounts payable and accrued expenses | $1,274,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $494,255 |
| Total liabilities | $1,769,019 |
| Net assets without donor restrictions | $15,647,020 |
| Net assets with donor restrictions | $11,194,792 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,610,831 |
Grants Awarded
Over the last fiscal year, Hope International has awarded $12,748,610 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ENLACE USA PURPOSE: TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS | $104,238 |
HOPE ADVANCEMENT INC PURPOSE: TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS. | $12,322,317 |
HARVEST BRIDGE PURPOSE: TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS. | $87,055 |
SEED EFFECT PURPOSE: TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS. | $235,000 |