BBB Wise Giving Report for
HOPE International

BBB Wise Giving Report issued January 2011
BBB Wise Giving Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: HOPE International
Address: 227 Granite Run Drive, Suite 250
  Lancaster, PA 17601
Phone: 717-464-3220
Web Address: www.hopeinternational.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1996, Pennsylvania
Affiliates: HOPE Global Investment Fund (HGIF), Homes for Hope, IMF HOPE RDC, HOPE Ukraine, HOPE Congo, Hope for Life
Stated Purpose: "to invest in the dreams of the poor in the world's underserved communities so that they might be released from physical and spiritual poverty."

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Evaluation Conclusions

               

HOPE International (HOPE) meets the 20 Standards for Charity Accountability.
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Programs

               

HOPE provides microloans, savings services, training, and mentoring to help people become self-sufficient. Serving over 250,000 people in 14 of the poorest, least-served countries in Africa, Asia, Eastern Europe, and the Caribbean, HOPE focuses on alleviating the many dimensions of poverty – physical, social, and spiritual – through microenterprise development.

For the year ended December 31, 2009, HOPE's program expenses were:

  
Microfinance 3,019,972
Total Program Expenses: $3,019,972
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Governance

               

Chief Executive : Peter Greer, President
Compensation*:
 $134,973

Chair of the Board: Jeffrey C. Rutt
Chair's Profession / Business Affiliation: CEO, Keystone Custom Homes

Board Size: 12

Paid Staff Size: 50

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, special events, television, radio, grant proposals, Internet appeals, planned giving arrangements, and cause-related marketing.
Fund raising costs were 13% of related contributions. (Related contributions, which totaled $4,375,080, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on HOPE's audited financial statements - consolidated with affiliates- for the year ended December 31, 2009. HOPE changed from a fiscal year ending on April 30 to December 31 in 2009. Therefore, the financial information provided represents only the period from May 1 - December 31, 2009.

Source of Funds  
Contributions 3,969,073
Special events 406,007
Interest income 108,498
Investment income 25,385
Rental revenue 9,260
Other 4,545
Total Income $4,522,768


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Uses of Funds as a % of Total Expenses

Programs: 79%  Fund Raising: 14%  Administrative: 7% 

Total income   $4,522,768
  Program expenses $3,019,972
  Fund raising expenses 549,153
  Administrative expenses 256,106
 
Total expenses   $3,825,231
Income in Excess of Expenses   697,537
Beginning net assets   5,216,606
Ending net assets   5,914,143
Total liabilities   2,322,615
Total assets   $8,236,758


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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