Hope International

Summary

HOPE International believes that when it comes to fighting poverty, charity isn't enough. We empower families to provide for themselves, investing in the dreams of the poor through biblically based business training, business loans as small as $100, and savings services. HOPE unites the Great Commandment and Great Commission to address both physical and spiritual poverty and help clients identify the potential and skills God has given them to break the chains of poverty.


Contact information

Mailing address:
Hope International
227 Granite Run Drive
Suite 250
Lancaster, PA 17601

Website: hopeinternational.org

Phone: 717-464-3220

Email: info@hopeinternational.org


Organization details

EIN: 232836648

CEO/President: Mr. Peter Greer

Chairman: Jeff Rutt

Board size: 13

Founder: Jeff Rutt

Year founded: 1997

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2004


Purpose

HOPE believes families in poverty have the God-given talents and skills to provide for their families. In obedience to Christ's command to love our neighbor and make disciples of all nations, HOPE International provides discipleship opportunities, training, a safe place to save, and small loans. We offer these services through two models: Savings groups and microfinance institutions.


Mission statement

To invest in the dreams of families in the world's underserved communities as we proclaim and live the Gospel.


Statement of faith

Rooted in Christ, HOPE adheres to the following statement of faith, adopted from the National Association of Evangelicals.

We believe the Bible to be the inspired, the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three persons: Father, Son, and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and in His personal return in power and glory.

We believe that for the salvation of lost and sinful people, regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost; they that are saved unto the resurrection of life and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating444 of 77517 of 33
Fund acquisition rating580 of 77624 of 33
Resource allocation rating419 of 77617 of 33
Asset utilization rating278 of 77515 of 33

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%12%12%12%11%10%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%12%12%12%11%10%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
88%100%100%100%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
7%12%12%12%11%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
12%0%0%0%-1%-1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%78%79%79%82%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%101%99%95%99%85%
Program output ratio Program output ratio =
Program services /
Total revenue
78%79%78%75%80%69%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-1%1%5%1%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
0%-2%1%6%2%19%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%10%9%8%7%7%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.861.211.151.031.030.98
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.961.061.111.101.161.14
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.991.281.271.141.201.12
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5824.6423.4724.9225.8524.07
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.040.040.040.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.789.009.0210.139.6510.28
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%4%4%4%5%6%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%2%3%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%79%84%93%91%95%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$856,252$372,736$792,521$1,382,348$2,324,028
Receivables, inventories, prepaids$3,773,526$3,339,823$3,165,621$3,120,823$2,052,082
Short-term investments$10,523,081$10,425,261$10,295,263$8,853,227$8,967,815
Other current assets$0$0$0$0$0
Total current assets$15,152,859$14,137,820$14,253,405$13,356,398$13,343,925
Long-term investments$0$0$0$0$0
Fixed assets$639,932$809,124$896,877$647,570$576,385
Other long-term assets$221,812$769,366$539,061$1,445,554$1,278,233
Total long-term assets$861,744$1,578,490$1,435,938$2,093,124$1,854,618
Total assets$16,014,603$15,716,310$15,689,343$15,449,522$15,198,543
 
Liabilities20192018201720162015
Payables and accrued expenses$614,924$602,497$571,987$516,613$554,356
Other current liabilities$0$0$0$0$0
Total current liabilities$614,924$602,497$571,987$516,613$554,356
Debt$0$0$0$322,270$387,160
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,120$5,615$4,295$4,545$2,745
Total long-term liabilities$5,120$5,615$4,295$326,815$389,905
Total liabilities$620,044$608,112$576,282$843,428$944,261
 
Net assets20192018201720162015
Unrestricted$0$10,943,284$11,495,989$12,126,896$10,668,105
Temporarily restricted$0$158,394$187,839$530,883$2,042,981
Permanently restricted$0$4,006,520$3,429,233$1,948,315$1,543,196
Net assets$15,394,559$15,108,198$15,113,061$14,606,094$14,254,282
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$19,221,286$18,193,260$16,974,452$16,342,109$17,710,999
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$285,111$259,959$183,679$202,207$184,813
Other revenue($370,652)($274,242)($114,415)($344,087)($319,707)
Total other revenue($85,541)($14,283)$69,264($141,880)($134,894)
Total revenue$19,135,745$18,178,977$17,043,716$16,200,229$17,576,105
 
Expenses20192018201720162015
Program services$15,172,934$14,185,000$12,824,495$13,037,463$12,100,096
Management and general$1,975,786$1,605,001$1,376,110$1,105,393$1,051,105
Fundraising$2,229,719$2,223,790$2,007,206$1,824,402$1,781,343
Total expenses$19,378,439$18,013,791$16,207,811$15,967,258$14,932,544
 
Change in net assets20192018201720162015
Surplus (deficit)($242,694)$165,186$835,905$232,971$2,643,561
Other changes in net assets$0$0$0$0$0
Total change in net assets($242,694)$165,186$835,905$232,971$2,643,561

Compensation

NameTitleCompensation
Peter GreerPresident & CEO$179,123
Kevin TordoffVP of Marketing$130,509
Christopher HorstChief Advancement Officer$125,377
Jesse CaslerChief Operating Officer$110,546

Compensation data as of: 12/31/2019


Response from ministry

No response has been provided by this ministry.


History

Following the fall of the Soviet Union in Ukraine in the early 1990s, Jeff Rutt, a Lancaster, Pennsylvania-based homebuilder, traveled to Ukraine numerous times with his church, transporting containers of food, clothing, and medical supplies to the city of Zaporozhye.

After several of these visits, a local pastor pulled Jeff aside and told him honestly that the shipments were not helping. Instead of handouts, the pastor felt that his community needed a hand up.

Though people were accessing needed supplies, they had become dependent on American charity. In addition, local businesses could not compete with the free handouts. The well-intentioned aid shipments were actually doing more harm than good by depressing local industry and initiative.

Jeff returned from the trip with a strong drive to find a solution. He plunged into research and eventually discovered the concept of economic development, then a little-known poverty alleviation strategy.

Peter Greer, HOPE's current president, joined HOPE in 2004, ushering in a period of strategic growth and increased public awareness. Under Peter's leadership, HOPE has grown to serve in 16 countries around the world.


Program accomplishments


Needs