Hope for Life

Nonprofit profile at a glance

EIN
611806775
IRS 990-EZ coverage
2024–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
Seattle, WA, USA
Phone
2066888390
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$118,795
Expenses
$210,184
Assets
$166,147
Liabilities
$449

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Edward Sumner (Executive Director)

People named in this filing

  • Edward Sumner (Executive Director)
  • Philip Keeton (Board Chair)
  • Marissa Ukosakul-Witt (Secretary)

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

Hope for Life serves impoverished youth through holistic care, providing stability in their lives and empowering them with resources and education needed to obtain a flourishing future for themselves and their community.

What it reported doing in 2024

Hope for Life raises funding to support programs in Rwanda that empower youth and families experiencing extreme poverty and/or homelessness with the resources and interventions needed to obtain a flourishing future for themselves and their community. In addition, Hope for Life educates the general public about the plight of children and families experiencing extreme poverty in Rwanda. We raise awareness about the adverse impacts on children and families, the pathways out of the cycle of poverty, and how one can partner with children and families in healthy, empowering, and culturally appropriate ways.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.

The verdict

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

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.1%; rating input score 91
  • Program expense ratio: 51.5%; rating input score 52

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: -76.9%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 29.2%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -1.8% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 91.1% of revenue deployed · 51.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $108K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 52/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.