Hope for Humanity Inc

EIN: 201984786 501(c)(3)

Goochland, VA

Total Revenue
$147,132
Total Expenses
$202,532
Total Assets
$105,523
Net Assets
$104,818
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
VA
Principal Officer
James E Wright
Phone
8045161890
Tax Period
2023-01-01 to 2023-12-31

Hope for Humanity Inc, founded in 2004, is a small nonprofit that reported $172K in total revenue in fiscal year 2018. Revenue decreased 13% compared to the prior year. Expenses of $206K exceeded revenue, resulting in a 20% operating deficit.

Mission

Equip South Sudans Girls and Boys for Leadership through a Quality Education with a Christian Foundation.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $146,218
Program Service Revenue $0
Investment Income $914
Other Revenue $0
TOTAL REVENUE $147,132

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,765
Fundraising Expenses $1,470
Program Expenses $200,461
Other Expenses $191,767
TOTAL EXPENSES $202,532

Year-over-Year Comparison

2023 2022 Change
Revenue $147,132 $162,299 -0.1%
Expenses $202,532 $206,692 0.0%
Net Income $-55,400 $-44,393 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
12

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$10,000
Total Directors
4
$0
Key Employees
1
$10,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James E Wright Board of Directors 6.00
Officer Director
$0 $0 $0
Suzanne M Wright Executive Director 20.00
Officer Key Emp Highest
$10,000 $0 $10,000
Catherine Ogle Perrin Board of Directors 5.00
Director
$0 $0 $0
Mary Higbee Board of Directors 10.00
Director
$0 $0 $0
Kathryn Theado Board of Directors 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $147,132 $202,532 $105,523 $-55,400
2022 $162,299 $206,692 $141,723 $-44,393
2021 $211,130 $183,243 $186,596 $27,887
2020 $169,348 $189,187 $157,935 $-19,839
2018 $172,174 $206,132 $214,142 $-33,958
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