Hawassa Hope Inc

EIN: 813381691 501(c)(3) International Affairs

Staunton, VA

Total Revenue
$563,345
Total Expenses
$703,627
Total Assets
$391,111
Net Assets
$389,551
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

Awassa Hope Inc, founded in 2016, is a small nonprofit in the International Affairs sector that reported $265K in total revenue in fiscal year 2018. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $229K left a modest 13% surplus.

Mission

Lift Widows and Orphans from Poverty

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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 $561,178
Program Service Revenue $0
Investment Income $2,167
Other Revenue $0
TOTAL REVENUE $563,345

Expense Breakdown

Grants Paid $627,780
Salaries & Benefits $49,214
Fundraising Expenses $8,405
Program Expenses $659,764
Other Expenses $21,215
TOTAL EXPENSES $703,627

Year-over-Year Comparison

2023 2022 Change
Revenue $563,345 $522,431 +0.1%
Expenses $703,627 $465,862 +0.5%
Net Income $-140,282 $56,569 -3.5%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
4
$45,717
Total Directors
0
$0
Key Employees
1
$45,717
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Charisa Knight Executive Director 40.00
Officer Key Emp Highest
$45,717 $0 $45,717
Alison Hartman Secretary 1.00
Officer
$0 $0 $0
Carrie Covey Treasurer 2.00
Officer
$0 $0 $0
Caleb Spence President 2.00
Officer
$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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $563,345 $703,627 $391,111 $-140,282
2022 $522,431 $465,862 $531,715 $56,569
2021 $445,512 $297,910 $473,835 $147,602
2020 $365,311 $224,463 $325,864 $140,848
2019 $307,242 $265,054 $184,953 $42,188
2018 $264,550 $229,237 $143,168 $35,313
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