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 12/2023, Hope Advancement Inc generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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$12,322,317
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$12,322,317
Total Program Service Revenue$0
Investment income $226,372
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 $12,671,460

Grants Awarded

Over the last fiscal year, Hope Advancement Inc has awarded $652,158 in support to 2 organizations.

Grant RecipientAmount

HOPE INTERNATIONAL

PURPOSE: TO ASSIST WITH THE ORGANIZATION'S OPERATIONS

$134,552

INTERNATIONAL GENEROSITY FOUNDATION TRUST

PURPOSE: FOR ORGANIZATION'S BUYOUT OF WORLD RELIEF'S SHARES IN TURAME.

$517,606
View Grant Profile

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