Hope Abides
- Assets
- $71.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Anacortes, WA
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 27-3571705
Organization Overview
Hope Abides is located in Anacortes, WA. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Abides 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 12/2022, Hope Abides generated $60.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.4%) each year. All expenses for the organization totaled $56.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
GRANTS TO ORPHANAGES IN INDIA. GRANTS WERE USED FOR EDUCATION, FOOD, AND SHELTER. GRANTS WERE MADE TO ORGANIZATIONS IN AP, TELANGANA, UP, TAMIL NADU AND MORE. SEVERAL HUNDRED CHILDREN BENEFIT EITHER DIRECTLY OR INDIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Adams Founder/treasurer | 15 | $0 | |
Srikant Radhakrishnan President | 6 | $0 | |
Marie-France Adams Director | 2 | $0 | |
Suresh Kotha Director | 2 | $0 | |
Sushil Kamble Director | 2 | $0 | |
Nicole Fields Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,334 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $15 |
| Total Revenue | $60,349 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,240 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,099 |
| Total expenses | $56,794 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,412 |
| Other assets | $0 |
| Total assets | $71,412 |
| Total liabilities | $0 |
| Net assets or fund balances | $71,412 |