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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating361 of 49411 of 22
Fund acquisition rating403 of 49415 of 22
Resource allocation rating316 of 49410 of 22
Asset utilization rating237 of 49410 of 22

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%12%12%11%10%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%12%12%11%10%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%100%100%101%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%12%12%11%12%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%0%0%-1%-1%-1%
 
Operating ratiosMedian % for
all ministries in
MW database
20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%79%79%82%81%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%99%95%99%85%93%
Program output ratio Program output ratio =
Program services /
Total revenue
81%78%75%80%69%75%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%1%5%1%15%7%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%1%6%2%19%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%8%7%7%6%
 
Investing ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.191.151.031.030.981.06
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.521.111.101.161.141.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.311.271.141.201.121.25
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.1223.4724.9225.8524.0723.74
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)
4.419.0210.139.6510.289.20
 
Solvency ratiosMedian % for
all ministries in
MW database
20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%4%4%5%6%9%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%2%3%6%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
70%84%93%91%95%86%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$372,736$792,521$1,382,348$2,324,028$5,721,692
Receivables, inventories, prepaids$3,339,823$3,165,621$3,120,823$2,052,082$1,852,540
Short-term investments$10,425,261$10,295,263$8,853,227$8,967,815$3,222,813
Other current assets$0$0$0$0$0
Total current assets$14,137,820$14,253,405$13,356,398$13,343,925$10,797,045
Long-term investments$0$0$0$0$94,088
Fixed assets$809,124$896,877$647,570$576,385$520,924
Other long-term assets$769,366$539,061$1,445,554$1,278,233$1,303,395
Total long-term assets$1,578,490$1,435,938$2,093,124$1,854,618$1,918,407
Total assets$15,716,310$15,689,343$15,449,522$15,198,543$12,715,452
 
Liabilities20182017201620152014
Payables and accrued expenses$602,497$571,987$516,613$554,356$454,879
Other current liabilities$0$0$0$0$0
Total current liabilities$602,497$571,987$516,613$554,356$454,879
Debt$0$0$322,270$387,160$710,230
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$5,615$4,295$4,545$2,745$4,037
Total long-term liabilities$5,615$4,295$326,815$389,905$714,267
Total liabilities$608,112$576,282$843,428$944,261$1,169,146
 
Net assets20182017201620152014
Unrestricted$10,943,284$11,495,989$12,126,896$10,668,105$9,331,978
Temporarily restricted$158,394$187,839$530,883$2,042,981$693,471
Permanently restricted$4,006,520$3,429,233$1,948,315$1,543,196$1,520,857
Net assets$15,108,198$15,113,061$14,606,094$14,254,282$11,546,306
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$18,193,260$16,974,452$16,342,109$17,710,999$14,668,782
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$259,959$183,679$202,207$184,813$140,256
Other revenue($274,242)($114,415)($344,087)($319,707)($258,206)
Total other revenue($14,283)$69,264($141,880)($134,894)($117,950)
Total revenue$18,178,977$17,043,716$16,200,229$17,576,105$14,550,832
 
Expenses20182017201620152014
Program services$14,185,000$12,824,495$13,037,463$12,100,096$10,873,173
Management and general$1,605,001$1,376,110$1,105,393$1,051,105$843,338
Fundraising$2,223,790$2,007,206$1,824,402$1,781,343$1,780,124
Total expenses$18,013,791$16,207,811$15,967,258$14,932,544$13,496,635
 
Change in net assets20182017201620152014
Surplus (deficit)$165,186$835,905$232,971$2,643,561$1,054,197
Other changes in net assets$0$0$0$0$0
Total change in net assets$165,186$835,905$232,971$2,643,561$1,054,197

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