Hope Overflowing

Nonprofit profile at a glance

EIN
815349024
IRS 990-EZ coverage
2017–2020
Forms available
Form 990-EZ 2020
Location
Mill Creek, WA, USA
Phone
9032686023
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
International Development

Official website

Reported finances

Revenue
$49,856
Expenses
$56,000
Assets
$7,383
Liabilities
$0

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

Leadership & pay

5 people listed

People named in this filing

  • Peter Baughn (Chair)
  • Justin Turner (Treasurer)
  • Asmamaw Kassaye (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

Hope Overflowing wires funds to Ethiopia to support New Life Home. New Life Home is a residence outside of Addis Ababa, Ethiopia that provides housing for young boys and women previously living on the streets. New Life Home has a few staff and several volunteers who offer meals and housing to those previously living on the streets of Addis Ababa.

What it reported doing in 2020

New Life Home is a residence outside of Addis Ababa, Ethiopia that provides housing for young boys and women previously living on the streets. New Life Home has a few staff and several volunteers who offer meals and housing to those previously living on the streets of Addis Ababa.

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 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.9%; rating input score 85
  • Program expense ratio: 75.6%; rating input score 76

Transparency & Controls

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

Sustainability

  • Operating margin: -12.3%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -9.5% per year; rating input score 0; 35th percentile among comparable filings
  • Asset growth: -43.1% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 84.9% of revenue deployed · 75.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $42K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2017 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.

  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • 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.