HopeKids

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 10/25/2021. To update the information in this column, please email: info@ministrywatch.com


Summary

HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. They focus on five areas of impact: hope and anticipation, family, community and support, safety and acceptance, and economic support.


Contact information

Mailing address:
HopeKids
PO Box 28471
Scottsdale, AZ 85255

Website: hopekids.org

Phone: (800) 319-5845

Email: info@hopekids.org


Organization details

EIN: 861042378

CEO/President: Josh Taylor

Chairman: Steve Whiteman

Board size: 7

Founder:

Ruling year: 2002

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2014


Purpose

To restore hope and transform the lives of children with life-threatening medical conditions, their families and the communities in which we serve.


Mission statement

HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. We surround these remarkable children and their families with the message that hope can be a powerful medicine.


Statement of faith

Our Guiding Principles:

Our vision, mission and motivation are driven by our desire to serve in the name of Jesus Christ in response to and out of our gratitude to God. (Colossians 3:17) It is through God's love and the eternal hope we find in Jesus that we want to love and offer hope to those in need.

We cling to the promise that "Hope does not disappoint." (Romans 5:5) We also believe that hope comes from God, and provides joy and peace in a way that nothing else can. These biblical truths form our belief that hope is a powerful medicine, and all our activities, resources, and time are to be directed to restoring hope for the future to the children and families we serve.

We strive to promote integrity, honesty, and openness in the manner in which we conduct our daily financial and management operations. We will be good stewards of all resources that God has blessed us with.

The HopeKids program is open to all children with life-threatening medical conditions and their families without regard to background, ethnicity, gender, religion, race, or sexual orientation.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating332 of 99931 of 73
Fund acquisition rating563 of 100139 of 73
Resource allocation rating350 of 100129 of 73
Asset utilization rating345 of 99928 of 73

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%9%9%7%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%9%8%7%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
79%97%97%95%98%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%9%9%7%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
21%3%3%5%2%4%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
81%83%86%88%88%88%
Spending ratio Spending ratio =
Total expenses /
Total revenue
94%95%92%102%92%95%
Program output ratio Program output ratio =
Program services /
Total revenue
75%79%79%90%81%84%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
6%5%8%-2%8%5%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%6%15%-3%14%7%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%8%5%6%4%4%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.851.141.701.631.471.44
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.031.011.011.011.021.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.881.151.721.651.501.45
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.53127.9856.1755.5455.29118.39
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.090.010.020.020.020.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.3410.326.877.167.878.20
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%1%2%2%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
3%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
87%87%58%60%67%69%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,275,757$2,008,904$1,584,473$2,208,797$2,135,174
Receivables, inventories, prepaids$48,436$64,577$61,451$87,748$58,715
Short-term investments$780,581$863,379$837,952$256,313$10,350
Other current assets$0$0$0$0$0
Total current assets$3,104,774$2,936,860$2,483,876$2,552,858$2,204,239
Long-term investments$0$0$0$0$0
Fixed assets$15,096$24,075$20,897$29,683$10,065
Other long-term assets$10,000$10,000$10,000$10,000$10,000
Total long-term assets$25,096$34,075$30,897$39,683$20,065
Total assets$3,129,870$2,970,935$2,514,773$2,592,541$2,224,304
 
Liabilities20202019201820172016
Payables and accrued expenses$24,259$52,285$44,726$46,169$18,618
Other current liabilities$0$0$0$0$0
Total current liabilities$24,259$52,285$44,726$46,169$18,618
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$24,259$52,285$44,726$46,169$18,618
 
Net assets20202019201820172016
Without donor restrictions$2,746,540$2,355,647$2,223,124$2,076,144$1,976,576
With donor restrictions$359,071$563,003$246,923$470,228$229,110
Net assets$3,105,611$2,918,650$2,470,047$2,546,372$2,205,686
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$3,634,294$5,319,044$3,822,945$4,099,309$3,230,845
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$19,674$51,807$20,850$9,225$47,284
Other revenue$101,149$92,907$169,643$59,733$81,957
Total other revenue$120,823$144,714$190,493$68,958$129,241
Total revenue$3,755,117$5,463,758$4,013,438$4,168,267$3,360,086
 
Expenses20202019201820172016
Program services$2,974,954$4,342,933$3,593,177$3,358,499$2,819,701
Management and general$280,451$241,367$225,002$166,161$137,755
Fundraising$327,390$455,606$269,282$298,708$242,195
Total expenses$3,582,795$5,039,906$4,087,461$3,823,368$3,199,651
 
Change in net assets20202019201820172016
Surplus (deficit)$172,322$423,852($74,023)$344,899$160,435
Other changes in net assets$0$0$0$0$0
Total change in net assets$172,322$423,852($74,023)$344,899$160,435

Compensation

NameTitleCompensation
Josh TaylorPresident$170,938

Compensation data as of: 12/31/2020


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 10/25/2021. To update the information below, please email: info@ministrywatch.com


History


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