CHARIOTS FOR HOPE INC

EIN: 270408312 501(c)(3) International Affairs

DRESHER, PA

Total Revenue
$1,919,207
Total Expenses
$1,815,430
Total Assets
$559,063
Net Assets
$559,063
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
PA
Principal Officer
MARK WAKEMAN
Phone
2678151067
Tax Period
2023-01-01 to 2023-12-31

CHARIOTS FOR HOPE INC, founded in 2009, is a community nonprofit in the International Affairs sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.8M left a modest 5% surplus.

Mission

CHARIOTS FOR HOPE SHARES THE HOPE OF CHRIST BY LOVING KENYAN CHILDREN THROUGH CHRISTIAN DISCIPLESHIP AND LONG-TERM PHYSICAL, EMOTIONAL, AND EDUCATIONAL CARE AND PROVISION. THE VISION OF CHARIOTS FOR HOPE IS TO CREATE A TRANSFORMED FUTURE KENYA WHERE CHILDREN HAVE ESCAPED POVERTY AND COMMITTED THEIR LIVES TO CHRIST. CURRENTLY, CHARIOTS FOR HOPE OVERSEES AND FUNDS EIGHT CHILDREN'S HOMES, WHICH CARE FOR MORE THAN 850 CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,807,769
Program Service Revenue $0
Investment Income $5,997
Other Revenue $105,441
TOTAL REVENUE $1,919,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $191,589
Fundraising Expenses $39,199
Program Expenses $1,635,956
Other Expenses $1,623,841
TOTAL EXPENSES $1,815,430

Year-over-Year Comparison

2023 2022 Change
Revenue $1,919,207 $1,851,135 +0.0%
Expenses $1,815,430 $1,897,938 0.0%
Net Income $103,777 $-46,803 -3.2%
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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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
6
Volunteers
10

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
3
$61,209
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK WAKEMAN CEO 40.00
Officer
$52,028 $9,181 $61,209
JIM KULP MEMBER 1.00
Director
$0 $0 $0
TERESA CASTRONUOVO MEMBER 1.00
Director
$0 $0 $0
PAUL KEISLING MEMBER 1.00
Director
$0 $0 $0
DAVID ROSSI MEMBER (RESIGNED 11/2023) 1.00
Director
$0 $0 $0
CAYTIE HIRSCHBERG MEMBER 1.00
Director
$0 $0 $0
ROBERT D FELLER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
JODI BOHR SECRETARY 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 No data No data No data No data
2023 $1,919,207 $1,815,430 $559,063 $103,777
2022 $1,851,135 $1,897,938 $415,056 $-46,803
2021 $1,679,177 $1,885,635 $529,668 $-206,458
2020 $1,206,784 $1,211,027 $742,696 $-4,243
2019 $1,705,988 $1,440,409 $677,969 $265,579
2018 $1,511,260 $1,302,845 $412,390 $208,415
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