BOLD HOPE INC

EIN: 271895442 501(c)(3) International Affairs

DOYLESTOWN, PA

Total Revenue
$2,401,579
Total Expenses
$2,609,400
Total Assets
$1,144,740
Net Assets
$880,415
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
PA
Principal Officer
ANDREW JONES
Phone
2675445016
Tax Period
2023-09-01 to 2024-08-31

BOLD HOPE INC, founded in 2010, is a community nonprofit in the International Affairs sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

BOLD HOPE EXISTS TO COMBAT SPIRITUAL, ECONOMICAL, AND FAMILIAL POVERTY BY PROVIDING HOPE TO SOME OF THE WORLD'S MOST VULNERABLE PEOPLE. THROUGH COMMUNITY ENGAGEMENT, SUSTAINABILITY, AND KINGDOM PREPARATION WE STRIVE TO RESOLVE ALL FORMS OF POVERTY AND MAKE A LASTING IMPACT ON THOSE WE SERVE. WE SEEK TO SERVE NOT ONLY INDIVIDUALS AND FAMILIES, BUT WHOLE COMMUNITIES. OUR PURPOSE IS TO TACKLE EACH PHYSICAL NEED THAT PRESENTS ITSELF, ALL WHILE SHARING THE LOVE OF CHRIST.

Program Service Accomplishments

Program 1
Expenses: $1,450,990 Revenue: $994,072

MISSION TRIPS - IN FISCAL YEAR 2024, BOLD HOPE TOOK 655 TRIP PARTICIPANTS ON 48 MISSION TRIPS TO 7 COUNTRIES TO SUPPORT THE GOOD WORK THAT OUR PARTNERS FAITHFULLY CARRY OUT YEAR-ROUND. OUR TEAMS...

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MISSION TRIPS - IN FISCAL YEAR 2024, BOLD HOPE TOOK 655 TRIP PARTICIPANTS ON 48 MISSION TRIPS TO 7 COUNTRIES TO SUPPORT THE GOOD WORK THAT OUR PARTNERS FAITHFULLY CARRY OUT YEAR-ROUND. OUR TEAMS SERVED IN VARIOUS WAYS IN IMPOVERISHED COMMUNITIES BY DOING THINGS LIKE EVANGELIZING AMONG MUSLIMS AND HINDUS, CONTINUING WORK ON THE CONSTRUCTION OF THE FIRST EVANGELICAL CHURCH IN A RURAL VILLAGE, HOSTING MEDICAL CLINICS, AND BUILDING A WELLHOUSE FOR A NEWLY INSTALLED WELL TO PROVIDE WATER ACCESS TO AN ENTIRE COMMUNITY. ADDITIONALLY, SCHOOL PROGRAMS, HOME VISITS, COMMUNITY OUTREACH, AND CHILDREN'S MINISTRY WERE MAINSTAYS IN TRIP PROGRAMMING.

Program 2
Expenses: $741,478 Revenue: $507,986

FAMILY DEVELOPMENT PROGRAMWE HAVE TRANSITIONED FROM A CHILD DEVELOPMENT PROGRAM TO A FAMILY DEVELOPMENT PROGRAM. THIS TRANSITION TO A MORE HOLISTIC MINISTRY APPROACH WAS BORN OUT OF THE BELIEF THAT...

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FAMILY DEVELOPMENT PROGRAMWE HAVE TRANSITIONED FROM A CHILD DEVELOPMENT PROGRAM TO A FAMILY DEVELOPMENT PROGRAM. THIS TRANSITION TO A MORE HOLISTIC MINISTRY APPROACH WAS BORN OUT OF THE BELIEF THAT BEHIND EVERY CHILD IS A FAMILY, AND BEHIND THAT FAMILY IS A COMMUNITY. IN A BROADER VIEW, IT BECOMES CLEAR THAT BROKENNESS IN A COMMUNITY AND BROKENNESS IN A FAMILY AFFECTS THE MOST VULNERABLE PIECE OF ANY SOCIETY - THE CHILD. OUR FAMILY DEVELOPMENT PROGRAM CONTINUES TO EXIST TO MEET DAILY NEEDS THAT WOULD OTHERWISE GO UNMET. THE MEANS THROUGH WHICH WE ACCOMPLISH THIS IS CHILD SPONSORSHIP. IN MANY COUNTRIES, FAMILIES ARE UNABLE TO PROVIDE FOR THEIR CHILDREN FINANCIALLY, WHICH IN TURN MAKES THEM SUSCEPTIBLE TO SEPARATION OR EXPLOITATION. OUR DESIRE IS TO KEEP FAMILIES TOGETHER BY SUPPORTING IMPORTANT EFFORTS ALREADY BEING MADE IN VULNERABLE COMMUNITIES OR FACILITATING OUR OWN FAMILY DEVELOPMENT PROGRAMS IN SOME LOCATIONS. OUR SPONSORSHIP PROGRAMS PROVIDE FAMILIES IN HIGH-RISK POPULATIONS WITH BASIC NECESSITIES INCLUDING ITEMS SUCH AS CLEAN WATER, FOOD, MEDICAL ATTENTION, SHELTER, CLOTHING, EDUCATION, PROTECTION, AND SPIRITUAL DEVELOPMENT.

Program 3

EVENTS/FUNDRAISING CAMPAIGNSOUR FUNDRAISING EFFORTS IN FISCAL YEAR 2024 ALLOWED US TO CONTINUE TO EXPAND OUR REACH AROUND THE WORLD. THE MONEY RAISED THROUGH VARIOUS EVENTS AND FUNDRAISING CAMPAIGNS...

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EVENTS/FUNDRAISING CAMPAIGNSOUR FUNDRAISING EFFORTS IN FISCAL YEAR 2024 ALLOWED US TO CONTINUE TO EXPAND OUR REACH AROUND THE WORLD. THE MONEY RAISED THROUGH VARIOUS EVENTS AND FUNDRAISING CAMPAIGNS WAS USED TO INCREASE THE EFFECTIVENESS OF OUR FAMILY DEVELOPMENT PROGRAM, INCLUDING DEVELOPMENT AND EDUCATIONAL WORK IN BELIZE. SOME OF THE FUNDS WERE USED TO PURCHASE A NEW VEHICLE, START A SUSTAINABLE GOAT PROJECT, EXPAND THE PROFESSIONAL/VOCATIONAL SCHOOL AND SAVINGS PROGRAM IN HAITI. WE ALSO HELD A SPECIAL CAMPAIGN FOR HAITI THAT HELPED REINFORCE SAFETY AND SECURITY. IN THE DOMINICAN REPUBLIC WE WERE ABLE TO CONTINUE CONSTRUCTION ON PHASE 1 OF THE AUTOVIA COMMUNITY CENTER AND WERE ABLE TO HIRE TWO ADDITIONAL STAFF MEMBERS TO SUPPORT OUR PROGRAMS. WE ARE ALSO ABLE TO FUND THE SHORTFALL IN BELIZE WHICH WAS UNDERFUNDED IN BOTH PROGRAM AND ADMINISTRATIVE COSTS. ADDITIONALLY, FUNDRAISING HELPS OFFSET OUR ONGOING ADMINISTRATIVE NEEDS GLOBALLY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,238,670
Program Service Revenue $0
Investment Income $650
Other Revenue $162,259
TOTAL REVENUE $2,401,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,217,522
Fundraising Expenses $96,349
Program Expenses $2,192,468
Other Expenses $1,391,878
TOTAL EXPENSES $2,609,400

Year-over-Year Comparison

2023 2022 Change
Revenue $2,401,579 $1,693,646 +0.4%
Expenses $2,609,400 $1,822,353 +0.4%
Net Income $-207,821 $-128,707 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
12
Volunteers
21

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
7
$279,155
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER RAMSDELL VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KARIN LEAVER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF HIRSCHOFF CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD B MILLHAM JR BOARD MEMBER 1.00
Director
$0 $0 $0
ZUBIN WHITE BOARD MEMBER (TO 12.31.23) 1.00
Director
$0 $0 $0
MARK WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
COURTNEY OLSON BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT GRIFFITH BOARD MEMBER 1.00
Director
$0 $0 $0
SARAH CORNWELL SECRETARY (FROM 01.08.24) 1.00
Officer Director
$0 $0 $0
RICHARD TERRY BOARD MEMBER 1.00
Director
$0 $0 $0
RACHEL MILLER SECRETARY (TO 01.08.24) 0.00
Officer Director
$0 $0 $0
ANDREW JONES EXECUTIVE DIRECTOR 40.00
Officer
$141,380 $0 $141,380
MATTHEW JONES MANAGING DIRECTOR 40.00
Officer
$137,775 $0 $137,775
ALBERT BRUCE TREASURER (TO 12.31.24) 1.00
Officer
$0 $0 $0
ROSITA CHOMIK BUSINESS MANAGER 40.00
Highest
$103,751 $0 $103,751
CHRISTOPHER DAUGAARD MARKETING&WEBSITE SPECIALIST 40.00
Highest
$123,469 $0 $123,469
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
2025 No data No data No data No data
2024 $2,380,315 $2,635,250 $1,097,620 $-254,935
2024 $2,401,579 $2,609,400 $1,144,740 $-207,821
2023 $1,693,646 $1,822,353 $1,191,009 $-128,707
2022 $1,939,641 $2,022,493 $1,239,504 $-82,852
2021 $1,633,373 $1,560,800 $1,424,548 $72,573
2020 $1,196,420 $1,333,048 $1,301,149 $-136,628
2019 $1,324,616 $1,319,994 $1,302,970 $4,622
2018 $1,114,079 $1,147,799 $1,298,348 $-33,720
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