Raisinghope Inc

Nonprofit profile at a glance

EIN
471788053
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2019
Location
Thousand Oaks, CA, USA
Phone
8054915439
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$722,297
Expenses
$635,496
Assets
$171,468
Liabilities
$0

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

Leadership & pay

9 people listed

Highest reported compensation

  • TAMALANI M BARNETT (EXECUTIVE DI): $89,458 total reported compensation
  • DAWN GROOM (SECRETARY): $19,448 total reported compensation

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

Overview

Mission

Raisinghope empowers youth experiencing foster care to independence through resources and relationships.

What it reported doing in 2024

Mentoring & life coaching - we match youth with a trained adult mentor that meets with the youth regularly to advise, support and encourage them through life. The resulting relationships often become the core support system in the youth's life. Our program was modified to include a coaching skill aspect for our mentors. Financial support - requests for immediate or emergency needs for those not covered by other programs are fulfilled through financial support. The requests include assistance with rent, utilities, food, clothing, car repairs or insurance, special training or school supplies. We received 271 requests from youth for financial services. Approximately 90% of these requests were granted. College tours - we took about 30 youth on overnight travel tours of colleges. One trip was up north to visit ucdavis and sonoma state university; one trip was to san diego to see ucsd and tour an active air craft carrier. Youth learned so much about college and even experienced bowling at the student center and tourist spots along the way. Holidays of hope is an open house event with family-centered activities, food and beverages. Youth are given a personal gift of their choice. Over 200 youth received gifts.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 60% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 77
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.2%; rating input score 79
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: $34.78 raised per $1 spent on fundraising; rating input score 71; 71st 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: 87.5%; rating input score 88; 21st percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 12%; rating input score 65; 65th percentile among comparable filings
  • Total-asset coverage ratio: 0.27; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 17.1%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 14.8% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 19.8% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings

Details

  • Where the money goes: 79.2% of revenue deployed · 90% of spending went to programs
  • Governance: 7 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $572K in reported program spending
  • Leadership: top reported pay $89K · 9 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.