Good Hope Inc

Organization Overview

Good Hope Inc is located in Lynnfield, MA. The organization was established in 2017. According to its NTEE Classification (E70) the organization is classified as: Public Health, under the broad grouping of Health Care and related organizations. As of 12/2023, Good Hope Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good 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 12/2023, Good Hope Inc generated $168.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $150.9k during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT VARIOUS CHARITABLE PURPOSES

Describe the Organization's Program Activity:

Part 3 - Line 4a

WEEKLY FOOD PANTRY THAT HELPS AN AVERAGE OF 250 FAMILIES, INCLUDING DELIVERING FOOD TO SENIORS AND SHELTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Charles Rukwaro
President
$15,600
Timothy Schmidt
Director
$0
Michael Satterwhite
Director
$0
Mamatha Bhagavan
Treasurer
$0
Leighton O'connor
Secretary
$0
Gerald Jamgochian
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$168,787
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$168,787
Total Program Service Revenue$0
Investment income $0
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 $168,787

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