Faith N Hope International Ministry

Nonprofit profile at a glance

EIN
843997515
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Colorado Spgs, CO, USA
Phone
0000000000
Rating
44
Verdict
MIXED
Rating confidence
Moderate
Sector
Foster Care
Affiliation
Christianity

Reported finances

Revenue
$197,500
Expenses
$209,675
Assets
$30,059
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Yeon Soo Kim (Board President Founder)

People named in this filing

  • Yeon Soo Kim (Board President Founder)
  • Thomas U Kim (Chair of the Board)
  • Dr Paul Park (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Faith N Hope International Ministry Faith N Hope provides Christian-based wrap-around services to abused neglected and abandoned children residing at childrens centers orphanages that Faith N Hope partners with in South Korea and Thailand Faith N Hope also provides 11 and group programming that involves twice-a-week onsite education support at the childrens centers orphanages mentoring program a technology-based English Language program experiential events in Korea during weekends and holidays Christian Vacation Bible School program conducted in English during the childrens summer break and 1-2 months long immersion programs in the US and Canada during the childrens extended winter break Faith N Hope also provides financial support to the childrens centers and each child residing at facilities where Faith N Hopes program operates Faith N Hope also provides programmatic and financial support to Mango House an orphanage in Chiang Mai Thailand

What it reported doing in 2024

0

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Sustainability: 30
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -6.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.14; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: -33.7% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 20/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.