Our Hope

Nonprofit profile at a glance

EIN
475159699
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2016
Location
Seattle, WA, USA
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recycling Programs

Reported finances

Revenue
$673,211
Expenses
$680,208
Assets
$55,840
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Asia Adam (President /Executive Director)

Highest reported compensation

  • Asia Adam (President /Executive Director): $57,325 total reported compensation
  • Ali Warsame (Treasurer /Hope Academy Co-Principal): $13,125 total reported compensation

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

Overview

Mission

A thriving, self-sufficient, and empowered immigrant and refugee community where every individual has access to quality education, stable housing, economic opportunities, and culturally responsive mental health support.

What it reported doing in 2024

In 2024, Hope Academy provided academic instruction and wraparound support to over 150 students from low-income immigrant and refugee families. The program employed certified educators, paraprofessionals, and bilingual aides. Key Accomplishments: Delivered a full academic curriculum with emphasis on literacy, STEM, and language development. Provided over 32,000 hours of instruction supported by staff and volunteers. Distributed tuition assistance and family scholarships totaling over $85,000, ensuring access regardless of financial status. Continued facility and safety upgrades to support DCYF licensing and long-term capital development. The H.E.L.L.O. Program provides after-school and out-of-school learning for K-8 & youth focused on academic enrichment, mentoring, and creative leadership. In 2024, the program reached 120 students through homework support, STEAM clubs, arts activities, and field experiences. Key Accomplishments: Delivered over 6,500 hours of after-school instruction and mentoring. Provided daily snacks and meals through community partnerships. Engaged families in bilingual literacy and parenting workshops. Supported youth-led community service projects and leadership circles. HopeWorks empowers youth ages 14-24 through cohort-based mentorship, professional development, and workforce readiness programs. In 2024, HopeWorks supported 95 youth participants in quarterly cohorts focused on leadership, civic engagement, and entrepreneurship. Key Accomplishments: Hosted 16 professional skill-building workshops in partnership with local agencies. Provided individualized mentorship and mental health support through Healing Circles. Placed 20 youth in internships or employment pathways with community partners. Piloted the Youth Policy & Leadership Fellowship to develop next-generation changemakers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 68
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.7%; rating input score 66
  • Program expense ratio: 65%; rating input score 65
  • Fundraising efficiency: $2,521.99 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 10.4%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: 77.3% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: 26.7% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 39.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 65.7% of revenue deployed · 65% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $442K in reported program spending
  • Leadership: top reported pay $57K · 3 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 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 — Accountability: Governance controls: 6 of 8 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.