Eight Days of Hope

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 11/20/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

Eight Days of Hope is a Christian, nonprofit organization that exists to love and serve those in need. Eight Days of Hope serves as the hands and feet of Christ - providing light in the face of darkness, restoration in the face of destruction. We are a national organization that responds to disasters across the country, helping to rebuild homes, communities, and lives.


Contact information

Mailing address:
Eight Days of Hope
P.O. Box 3208
Tupelo, MS 38803

Website: eightdaysofhope.com

Phone: 662-884-6934

Email: info@eightdaysofhope.com


Organization details

EIN: 753212540

CEO/President: Steve Tybor

Chairman: Steve Tybor

Board size: 7

Founder: Steve Tybor

Ruling year: 2006

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

Our commitment to those we serve is to use the resources that God has blessed us with to bring hope and healing.

Our commitment to churches is to partner with the local body of believers to meet the community's spiritual needs.

Our commitment to communities is to work with local businesses and local governments to meet the community's physical needs.

Our commitment to volunteers is to provide them an opportunity to use their skills and talents to glorify God.

Our commitment to donors is to use the resources they give to the fullest potential for the greatest good among those in need.


Mission statement

Eight Days of Hope is a Christian, nonprofit organization that exists to love and serve those in need.


Statement of faith

We believe the Bible is the inspired and infallible Word of God and constitutes completed and final revelation.

The Bible, in its original autograph, is without error in whole and part; including theological truths as well as geographical and historical details.

We believe God has existed from all eternity in three persons: God the Father, God the Son, and God the Holy Spirit. Jesus Christ is God, having come in human flesh, being fully God and fully man, except without sin.

We believe all men are in violation of God's righteous requirements and His holy character both by nature and act: and are therefore under His wrath and just condemnation. The central purpose of the coming of Jesus Christ was to pay the penalty for man's sin through His substitutionary death on the cross and subsequent, visible, bodily resurrection.

We believe salvation is offered as a gift: free to the sinner. The gift must be responded to in individual faith, not trusting in any personal works whatsoever, but the sacrificial death of Jesus Christ alone.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating331 of 99929 of 82
Fund acquisition rating137 of 100110 of 82
Resource allocation rating249 of 100121 of 82
Asset utilization rating869 of 99969 of 82

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%1%1%0%0%1%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%1%1%0%0%1%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%97%109%100%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%1%0%1%1%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%3%-9%0%0%1%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%95%96%97%94%92%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%61%89%61%33%48%
Program output ratio Program output ratio =
Program services /
Total revenue
83%58%86%59%31%45%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%39%11%39%67%52%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%20%4%44%66%56%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%3%3%2%5%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.630.310.350.680.320.53
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.281.551.811.661.511.60
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.570.480.631.120.480.84
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.090.000.0062.85282.380.00
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.000.000.020.000.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
3.5325.1119.1010.5124.7214.20
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%0%0%1%0%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
52%324%289%146%312%189%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$3,319,350$1,549,852$1,764,540$2,127,043$702,733
Receivables, inventories, prepaids$1,580,106$1,793,258$1,766,829$37,124$531
Short-term investments$1,047$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,900,503$3,343,110$3,531,369$2,164,167$703,264
Long-term investments$0$0$0$0$0
Fixed assets$2,686,986$2,723,143$2,325,008$1,105,323$418,848
Other long-term assets$0$0$0$0$0
Total long-term assets$2,686,986$2,723,143$2,325,008$1,105,323$418,848
Total assets$7,587,489$6,066,253$5,856,377$3,269,490$1,122,112
 
Liabilities20202019201820172016
Payables and accrued expenses$0$0$56,183$7,664$0
Other current liabilities$0$0$0$0$0
Total current liabilities$0$0$56,183$7,664$0
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$2$6$93$93$84
Total long-term liabilities$2$6$93$93$84
Total liabilities$2$6$56,276$7,757$84
 
Net assets20202019201820172016
Without donor restrictions$6,087,487$4,446,247$4,060,101$3,261,733$1,122,028
With donor restrictions$1,500,000$1,620,000$1,740,000$0$0
Net assets$7,587,487$6,066,247$5,800,101$3,261,733$1,122,028
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,731,305$2,570,815$6,510,908$3,181,817$1,217,101
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$8,536($190,542)$3,359$3,758$9,105
Other revenue$123,652($13,218)($6,653)$1,019($14)
Total other revenue$132,188($203,760)($3,294)$4,777$9,091
Total revenue$3,863,493$2,367,055$6,507,614$3,186,594$1,226,192
 
Expenses20202019201820172016
Program services$2,231,229$2,026,082$3,858,183$988,944$546,501
Management and general$62,351$57,734$95,554$49,642$39,938
Fundraising$48,673$17,093$15,509$8,303$7,718
Total expenses$2,342,253$2,100,909$3,969,246$1,046,889$594,157
 
Change in net assets20202019201820172016
Surplus (deficit)$1,521,240$266,146$2,538,368$2,139,705$632,035
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,521,240$266,146$2,538,368$2,139,705$632,035

Compensation

Compensation data for this ministry has not been collected.


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/20/2021. To update the information below, please email: info@ministrywatch.com


History

In 2005, Eight Days of Hope (EDOH) started with a phone call from a father to a son after the devastation of Hurricane Katrina.

The idea was for a few people to take a trip to the Gulf Coast to rebuild a home or two. What actually happened was a volunteer effort of 684 people loving and serving 84 families - something only God could do.

It eventually became a movement through which He would touch thousands of people's lives and impact communities forever.

The number eight means "new beginnings". When we considered the real reason we were going to the coast, it wasn't necessarily about rebuilding the damaged homes - it was about sharing the hope of our God. And hence, the name "Eight Days of Hope" was born.

Since then, EDOH has gone on 16 rebuilding events. These trips occur months after a disaster and include roofing, carpentry, electrical, painting, and more.

In 2014, EDOH started a Rapid Response arm to respond 48-72 hours after a disaster strikes with tasks such as gutting homes and tarping roofs.

In 2016, EDOH added a Distribution Ministry, feeding ministry, shower ministry, and laundry ministry. The distribution ministry serves as a conduit for large companies to donate products that are no longer being used, which EDOH then allows churches for free to help their communities. The feeding, shower, and laundry ministries often accompany rebuilding and rapid response trips, but the trailers are also available for churches to use when they are not being utilized by EDOH.

In 2018, EDOH put the plans in place to build a National Headquarters in Tupelo, Mississippi. The headquarters opened in May 2019. We also eventually opened a Northeast Satellite in Buffalo, NY, and a Midwest Satellite in Cedar Rapids, Iowa. Then, in the fall of 2019, EDOH launched our newest arm of the ministry: building or remodeling safe houses for survivors of human trafficking.


Program accomplishments

To date, we've had over 42,000 volunteers come from across the globe to spread God's joy and serve His people.


Needs

We couldn't do what we do without you. We wouldn't have witnessed the thousands of smiles of those touched by the hope of Jesus. Or the restoration of homes from the rubble. Or the coming together of communities united by God's love and strength. Your financial support allows us to love and serve those in need.