Sanctuary of Hope Inc
Nonprofit profile at a glance
- EIN
- 844656207
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Hope, RI, USA
- Phone
- 4019963606
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Animal Protection and Welfare
Reported finances
- Revenue
- $188,869
- Expenses
- $124,490
- Assets
- $68,933
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Wayne Pitman (President/Co Founder)
People named in this filing
- Shelia Magnan (Secretary)
- Wayne Pitman (President/Co Founder)
- Jen Kumar (Treasurer)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide a permanent home and care to farmed animals who were previously at risk due to neglect, abandonment, or displacement. Our goal is to demonstrate how people cam work with farm animals to restore the native environment through demonstration of invasive plant removal, a process commonly known as goatscaping, This symbiotic relationship will provide a place for humans and animals to work together without harm, to restore an essential part of our ecosystem
What it reported doing in 2024
Farm animal rescue: providing rescue, rehabilitation and daily care for abused, abandoned, and disabled farm animals. Provide robust nutrition, routine and emergency medical care, and safe living environment for their entire life. 2024 we provided home to 74 goats, 2 minipigs, 1 cow, 1 donkey, 5 equine. one of the does we took in in 2023 already pregnant gave birth in March 2024 to two males. we also took in 2 goats, 4 chickens, and 2 rabbits, and a dog in need of homes.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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 program spending has grown recently. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 100
- Sustainability: 64
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.9%; rating input score 46
- Program expense ratio: 69.6%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 34.1%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 41; 41st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 15.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 22.3% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 42.3% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 165.7% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 45.9% of revenue deployed · 69.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $87K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 3 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
- High — Sustainability: Officer compensation ratio scored 18/100.