Hope For India Inc
- Assets
- $417.9k
- Revenue
- $630.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 01/2015
- Data as of
- 03/2023
- EIN
- 47-1636882
Organization Overview
Hope For India Inc is located in Charlotte, NC. The organization was established in 2015. 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. Hope For India 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 03/2023, Hope For India Inc generated $630.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $628.0k during the year ending 03/2023. While expenses have increased by 6.6% per year over the past 7 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.
Since 2021, Hope For India Inc has awarded 12 individual grants totaling $976,802. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE RESOURCES TO INDIGENOUS MINISTRIES THAT ARE COMMITTED TO CARRYING OUT THE GREAT COMMISSION OF JESUS CHRIST IN INDIA; TO FUND RESEARCH, PERFORM DUE DILIGENCE, AND IDENTIFY STRATEGIC MINISTRY PARTNERS WHO HAVE CAPITAL NEEDS IN ORDER TO ACHIEVE THEIR GOALS. THE ORGANIZATION WILL BE A CATALYST FOR CONNECTING ORGANIZATIONS, CHURCHES, FOUNDATIONS AND INDIVIDUALS WITH MINISTRY PROJECTS IN INDIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RECEIVED WERE DISTRIBUTED TO PROPERLY VETTED CHRISTIAN ORGANIZATIONS IN INDIA WHO PROVIDED LOCAL RESIDENTS WITH AN INTRODUCTION TO JESUS THROUGH PAPER HANDOUTS OR SPOKEN WORD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Reed Chairman | Trustee | 6 | $0 |
Doug Shiplett Board President | Trustee | 8 | $0 |
Joe Childress Secretary/treas | Trustee | 1 | $0 |
Rob Zienert Board Member | Trustee | 1 | $0 |
Catherine Reed Board Member | Trustee | 1 | $0 |
Jason Bessire Board Member | Trustee | 1 | $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 | $629,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $629,955 |
| 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 | $629,955 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $383,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $175,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $42,000 |
| Fees for services: Legal | $2,576 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,413 |
| Advertising and promotion | $0 |
| Office expenses | $606 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,230 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $627,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $417,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,858 |
| Accounts payable and accrued expenses | $68,853 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,853 |
| Net assets without donor restrictions | $349,005 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $417,858 |
Grants Awarded
Over the last fiscal year, Hope For India Inc has awarded $383,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HELPING UP MISSION PURPOSE: Operational Support | $331,000 |
FRIENDS OF AGAPE PURPOSE: Operational Support | $40,000 |
THE TIMOTHY INITIATIVE PURPOSE: Operational Support | $12,500 |