Pure Hope Foundation

Nonprofit profile at a glance

EIN
473031006
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Mt Vernon, TX, USA
Phone
9496789680
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Homeless Shelters

Official website

Reported finances

Revenue
$1,653,358
Expenses
$1,009,589
Assets
$6,018,605
Liabilities
$13,140

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

Leadership & pay

12 people listed

Executive titles in this filing

  • KATHERINE LEE (DIRECTOR/CEO)

Highest reported compensation

  • RYAN MORRIS (EXEC DIR): $91,500 total reported compensation
  • MICHAEL LEE (CFO): $44,668 total reported compensation

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

Overview

Mission

Pure hope foundation exists to fight sex trafficking, restore survivors, empower advocates, and end demand. (f.r.e.e.)

What it reported doing in 2024

In 2024, pure hope foundation served dozens of survivors of trafficking through the provision of resources, counseling, placement into care facilities, etc. The team also housed and facilitated 6 survivors through immersive, long-term restorative care within hope home and transitional living facilities. The organization completed construction on the 2nd hope home at pure hope ranch to extend the access to this program to other survivors. Assistance was provided to survivors in gaining education and training to enable them to be successful and thrive in every day life. Assistance included helped survivors receive career training in the fields of nursing, welding and dentistry. The organization celebrated numerous healthcare wins for survivors needing medical, dental, and emotional care due to trauma and abuse.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 95% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.8%; rating input score 57
  • Program expense ratio: 91.7%; rating input score 92
  • Fundraising efficiency: $105.06 raised per $1 spent on fundraising; rating input score 87; 87th 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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 23rd 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: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 38.9%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 5.96; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 13.5%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 24.1% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 26.1% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 56.8% of revenue deployed · 91.7% of spending went to programs
  • Governance: 9 of 10 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $926K in reported program spending
  • Leadership: top reported pay $92K · 12 people listed
  • Highest-paid contractors: 1 contractor listed · $476K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2016 to 2024
  • 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: Mission deployment rate scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.