Hope Charitable Fund Inc

Nonprofit profile at a glance

EIN
237363280
IRS 990-EZ coverage
2014–2020
Forms available
Form 990 2013, Form 990-EZ 2020, Form 990-N 2009
Location
Mt Pleasant, SC, USA
Phone
8438843729
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Reported finances

Revenue
$6,875
Expenses
$4,525
Assets
$3,236

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • William N Deans (President)

People named in this filing

  • William N Deans (President)
  • Daniel Dukes (Director)
  • Matthew Gillespie (Director)

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 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Christian Mission Organization

What it reported doing in 2020

This Corporation is a religious Corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Religious Corporation Law exclusively for religious purposes. The specific purposes for which this Corporation is organized are religious ones, to wit: To proclaim and demonstrate through acts of benevolence the principles of the Protestant Christian religion to groups and individuals, both in the United States and in foreign countries; to provide religious training and education where this can occur; to otherwise encourage, aid the growth, nurture and spread of the Christian religion; and to render Christian service, both material and spiritual, to individuals in need, the sick and suffering, the aged, the homeless, the persecuted` and others. Such service shall include but is not limited to providing food, clothing, shelter, education, medical assistance and other items and services, as the Lord directs. To acquire by purchase or gift, such property whether real or personal to facilitate the foregoing purposes, and to have and exercise all other powers, rights and privileges granted by the State of South Carolina. The recital of these purposes as contained in this paragraph is intended to be exclusive of any and all other purposes, this Corporation being formed for such religious purposes only.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 82
  • Sustainability: 52
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 50.5%; rating input score 51
  • Program expense ratio: 76.8%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 34.2%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: -28.4% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -17.7% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 50.5% of revenue deployed · 76.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2014 to 2020
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Financial Efficiency: Mission deployment rate scored 51/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.