Hope Ignites Baltimore Inc
Nonprofit profile at a glance
- EIN
- 522356443
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Baltimore, MD, USA
- Phone
- 4435033463
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,040,686
- Expenses
- $953,615
- Assets
- $1,820,274
- Liabilities
- $147,160
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- Arlene Hackbarth (Executive Director)
- Paige Coressel (Executive Director)
Highest reported compensation
- Arlene Hackbarth (Executive Director): $100,555 total reported compensation
- Paige Coressel (Executive Director): $31,825 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Boys Hope Girls Hope nurtures and guides motivated young people in need to become well-educated, career-ready men and women for others through its holistic, long-term residential and academy programming. The organization provides direct program support and college scholarships.
What it reported doing in 2024
Boys Hope Girls Hope of Baltimore (BHGH) nurtures and guides motivated young people in need to become well-educated, career-ready men and women for others. BHGH provides access to quality education and an environment conducive to learning. The goal is for our Scholars to go onto post-secondary education. BHGH has two residential houses and can serve up to 16 students per year in these homes. In June of 2023, BHGH opened up an afternoon and summer academy in order to be able to serve more students .The academy started with 8 Scholars and hopes to expanded to 16 by the summer of 2025. BHGH supports our college students throughout their education, both financially and emotionally. Once they graduate from college, BHGH also provides assistance in helping the Collegians find employment in their field.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 87
- Accountability: 100
- Sustainability: 54
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.5%; rating input score 66
- Program expense ratio: 72.2%; rating input score 72
- Fundraising efficiency: $6.86 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.4%; rating input score 58; 58th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: -2.3% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -1.2% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 66.5% of revenue deployed · 72.2% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $688K in reported program spending
- Leadership: top reported pay $101K · 14 people listed
- Consistency: 46 of 47 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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: Fundraising efficiency scored 26/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Operating margin scored 58/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.