Chariots For Hope Inc
- Assets
- $529.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Dresher, PA
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 27-0408312
Organization Overview
Chariots For Hope Inc is located in Dresher, PA. The organization was established in 2010. 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 12/2021, Chariots For Hope Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chariots For Hope Inc 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 12/2021, Chariots For Hope Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARIOTS FOR HOPE EXISTS TO HONOR GOD BY LOVING, NURTURING, AND PROVIDING FOR VULNERABLE AND ORPHANED CHILDREN BY LEADING AND SUSTAINING HOLISTICALLY HEALTHY CHILDREN'S HOMES IN KENYA. CURRENTLY, CHARIOTS FOR HOPE OVERSEES AND FUNDS EIGHT CHILDREN'S HOMES, WHICH CARE FOR MORE THAN 800 CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARIOTS FOR HOPE EXISTS TO HONOR GOD BY LOVING, NURTURING, AND PROVIDING FOR VULNERABLE AND ORPHANED CHILDREN BY LEADING AND SUSTAINING HOLISTICALLY HEALTHY CHILDREN'S HOMES IN KENYA. WE SEEK TO PROVIDE THESE CHILDREN WITH OPPORTUNITY AND HOPE SO THAT THEY DEVELOP INTO EXEMPLARY CITIZENS, LEADERS, AND FOLLOWERS OF JESUS CHRIST. THROUGH THE GENEROSITY OF ORGANIZATIONAL AND INDIVIDUAL SUPPORTERS, CHARIOTS FOR HOPE IS CURRENTLY OVERSEEING AND FUNDING EIGHT CHILDREN'S HOMES, SERVING MORE THAN 800 VULNERABLE AND ORPHANED CHILDREN IN KENYA. CHARIOTS FOR HOPE PROVIDES FOR THE PHYSICAL, EMOTIONAL, EDUCATIONAL, SOCIAL AND SPIRITUAL WELL-BEING OF THESE CHILDREN. EACH CHILDREN'S HOME IS OPERATED IN PARTNERSHIP WITH THE AFRICA INLAND CHURCH AND IS STAFFED BY CARING KENYAN CITIZENS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Rittenhouse President/ceo (res. 12/31/21) | OfficerTrustee | 20 | $51,000 |
Mark Wakeman Exec Director/treasurer/current CEO | Officer | 40 | $49,208 |
Crystal Parisi Secretary | Officer | 30 | $35,364 |
Robert D Feller Board Chair | OfficerTrustee | 5 | $0 |
Jim Kulp Member | Trustee | 1 | $0 |
Stella Tai Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $41,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,621,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,538 |
| Total Program Service Revenue | $0 |
| Investment income | $5,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,679,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $171,158 |
| Compensation of current officers, directors, key employees. | $37,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,520 |
| Pension plan accruals and contributions | $485 |
| Other employee benefits | $12,892 |
| Payroll taxes | $5,282 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,681 |
| Office expenses | $13,559 |
| Information technology | $6,408 |
| Royalties | $0 |
| Occupancy | $5,778 |
| Travel | $30,058 |
| 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 | $0 |
| Insurance | $1,144 |
| All other expenses | $0 |
| Total functional expenses | $1,885,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,612 |
| Savings and temporary cash investments | $214,858 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $144,198 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $529,668 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $104,400 |
| Net assets with donor restrictions | $425,268 |
| 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 | $529,668 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Chariots For Hope Inc has recieved totaling $178,325.
| Awarding Organization | Amount |
|---|---|
Sustained Acts Inc Ambler, PA | | $93,098 |
Capstone Legacy Foundation Inc Wayne, PA PURPOSE: where needed most | $65,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
International Youth Foundation Baltimore, MD | $31,725,558 | $21,248,898 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
Palestine Childrens Relief Fund Kent, OH | $38,017,792 | $21,671,085 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |