Because For Hope
- Assets
- $111.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milpitas, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 46-4634907
Organization Overview
Because For Hope is located in Milpitas, CA. The organization was established in 2014. According to its NTEE Classification (Q33) the organization is classified as: International Relief, 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. Because For Hope 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, Because For Hope generated $56.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrik Svoboda CEO | 2 | $0 | |
Chi Nguyen Svoboda Executive Dir. | 8 | $0 | |
Trisha Thuy La Chairman | 2 | $0 | |
Ha DO Director | 8 | $0 | |
Huynh Hoang To Trinh Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,655 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $37 |
| Total Revenue | $56,692 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,013 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $537 |
| Other expenses | $4,201 |
| Total expenses | $38,298 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,195 |
| Other assets | $0 |
| Total assets | $111,195 |
| Total liabilities | $0 |
| Net assets or fund balances | $111,195 |