A SPRING OF HOPE INC

EIN: 260851887 501(c)(3) International Affairs

West Palm Beach, FL

Total Revenue
$1,456,855
Total Expenses
$1,484,896
Total Assets
$1,540,256
Net Assets
$1,516,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
JOANNE YOUNG
Phone
9547754997
Tax Period
2024-01-01 to 2024-12-31

A SPRING OF HOPE INC, founded in 2007, is a community nonprofit in the International Affairs sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

A SPRING OF HOPE IS A NONPROFIT THAT PROVIDES CLEAN DRINKING WATER, WATERLESS SANITATION SYSTEMS, PERMACULTURE GARDENS, ECONOMIC DEVELOPMENT OPPORTUNITIES AND STUDENT EMPOWERMENT PROGRAMS TO SCHOOLS AND COMMUNITY CENTERS IN RURAL SOUTH AFRICA.

Program Service Accomplishments

Program 1
Expenses: $931,084

A SPRING OF HOPE SUPPORTS VARIOUS PROGRAMS IN SOUTH AFRICA THROUGH THE OPERATION OF A SPRING OF HOPE SOUTH AFRICA. LAND WAS PURCHASED and the building of a new house (Thulani-Riverbed) was started in...

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A SPRING OF HOPE SUPPORTS VARIOUS PROGRAMS IN SOUTH AFRICA THROUGH THE OPERATION OF A SPRING OF HOPE SOUTH AFRICA. LAND WAS PURCHASED and the building of a new house (Thulani-Riverbed) was started in November/December 2024 and is slated for completion in August 2025. This will ASoH to continue raising funds for the communities in need that it serves. A NEW GAME VEHICLE vehicle was purchased for Thulani Villa. FINANCIAL LITERACY WORKSHOPS for learners and educators were held during Global Money Week in March and Money Smart Week South Africa in August. A Spring of Hope SA partners with the Banking Association SA, Visa Card, First National Bank, Nedbank and Post Bank to bring these valuable lessons to Panayana Primary, Beretta Primary, Morutsi Primary and Nkotobona High School. The year-long GRILS CLUB PROGRAM aimed at empowering young girls in grade 7 with life skills and providing them with menstrual products, was implemented at Matlolane and Beretta Primary Schools. Through our WOMEN IN ENTREPRENEURSHIP PROGRAM, 22 young women were empowered with business management and technical skills. As a result of this intervention, three new businesses focusing on garment manufacturing, e-waste management and beneficiation as well as energy efficient lighting solutions were established. Two more young women were assisted with equipment and access to markets for their jewelry manufacturing business. More than 10 000 meals have been served to learners at Nkotobona High School as part of our AFTERNOON MEAL PROGRAM, aimed at supporting grade 12 learners who attend afternoon classes to improve their results. We are pleased to report that the school increased the grade 12 pass rate by 10%, from 79%- 89%, in 2024. A total of seven PERMACULTURE TRAINING WORKSHOPS, aimed at raising awareness around food security and empowering schools to grow organic vegetables in a sustainable way. A total of 22 schools and community projects benefited from these workshops. Four grade 12 learners from Nkotobona High School started attending ARCHITECTURE Classes facilitated online by A Spring of Hope donor who is an Architect based in Manhattan and supported by A Spring of Hope staff and an educator, locally. The students meet every Friday for 1 2 hours and are currently involved in the design of A Spring of Hope Community Eco-Hub.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,369,553
Program Service Revenue $0
Investment Income $87,302
Other Revenue $0
TOTAL REVENUE $1,456,855

Expense Breakdown

Grants Paid $0
Salaries & Benefits $167,496
Fundraising Expenses $512,715
Program Expenses $931,084
Other Expenses $1,317,400
TOTAL EXPENSES $1,484,896

Year-over-Year Comparison

2024 2023 Change
Revenue $1,456,855 $1,019,323 +0.4%
Expenses $1,484,896 $848,987 +0.7%
Net Income $-28,041 $170,336 -1.2%
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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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
3
Volunteers
N/A

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GAIL AUGUSTON-KOPPEN DIRECTOR 1.00
Director
$0 $0 $0
CHARMAINE JOHNSON-LEONG DIRECTOR 1.00
Director
$0 $0 $0
JOANNE YOUNG DIRECTOR VP & TREASURER 30.00
Officer Director
$0 $0 $0
BRITTANY YOUNG DIRECTOR PRESIDENT 1.00
Officer 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 $1,456,855 $1,484,896 $1,540,256 $-28,041
2023 $1,019,323 $848,987 $1,595,781 $170,336
2022 $723,736 $446,359 $1,374,217 $277,377
2021 $360,674 $92,903 $1,096,840 $267,771
2020 $333,641 $247,517 $829,069 $86,124
2019 $707,375 $346,709 $742,945 $360,666
2018 $655,632 $698,549 $382,279 $-42,917
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