Hope Advancement Inc

Organization Overview

Hope Advancement Inc is located in Lancaster, PA. The organization was established in 2013. According to its NTEE Classification (Q11) the organization is classified as: Single Organization Support, 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 Advancement 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, Hope Advancement Inc generated $9.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $127.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO HOLD, DEVELOP AND MANAGE INVESTMENTS IN MICROENTERPRISE DEVELOPMENT ORGANIZATIONS ON BEHALF OF AND TO ADVANCE THE PURPOSES OF HOPE INTERNATIONAL IN A MANNER CONSISTENT WITH THE CHARITABLE OBJECTIVES OF HOPE INTERNATIONAL.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SUPPORT HOPE INTERNATIONAL BY PROVIDING OPERATIONAL AND FINANCIAL SUPPORT.


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Board, Officers & Key Employees

Name (title)Compensation
Peter Greer
President
$0
Jesse Casler
Treasurer
$0
Micah Crist
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$9,763,547
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,763,547
Total Program Service Revenue$0
Investment income $120,910
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,884,455

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Hope Advancement Inc has recieved totaling $9,763,547.

Awarding OrganizationAmount
Hope International

Lancaster, PA

PURPOSE: TO INFUSE CAPITAL IN MICROENTERPRISE OPERATIONS.

$9,763,547
View Grant Recipient Profile

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