Hope for the Nations
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Low
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
My anchor
OVERVIEW
About Hope for the Nations:
Hope for the Nations is a 2-star charity. It has low reported fundraising costs and a below-average results reporting score. Ci has rated Hope for the Nations Low on demonstrated impact. Before you give, read Charity Intelligence's report.
Hope for the Nations (HFTN) was started in 1994 to support children at risk due to war, poverty, illiteracy and child trafficking in developing countries. Hope for the Nations partners with local organizations to operate foster homes, operate schools for children, develop micro-enterprise projects, support community development projects, including feeding programs, agriculture and health-related programs, and provide emergency response. It works in 19 countries across Asia, Africa, Eastern Europe, and North America.
In Canada, HFTN runs Food For Thought, a program that provides meals to eliminate child hunger. In F2022, the program provided 107,393 breakfasts and 4,370 food backpacks.
In Mexico, HFTN funds 12 homes that house 160 children. In the Democratic Republic of the Congo, HFTN funds seven schools.
My anchor
Results and Impact
Hope for the Nations reports that at its Ecole Shalom in Burundi/DR Congo, students have achieved a 100% pass rate from primary to secondary school for nine years.
While Ci highlights this result, this may not be a complete representation of Hope For the Nations results and impact.
Charity Intelligence has rated Hope for the Nations as Low on demonstrated impact per dollar spent.
Impact Rating: Low
•
My anchor
Finances
In F2022, Hope for the Nations received $2.3m in donations. Administrative costs are 15% of revenues and fundraising costs are less than 1% of donations. Total overhead costs are 16%. This means that for every dollar donated, 84% goes to the cause. This is within Ci's reasonable range for overhead spending.
During the year, HFTN spent $1.5m on its international programs, or 81% of total program costs. HFTN has reserve funds of $1.5m that can cover its total program costs for 8 months.
This is a charity update that was sent to Hope for the Nations to review. Changes and edits may be forthcoming.
Updated June 30, 2023 by Emily Downing.
Financial Review
Fiscal year ending July
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.4% | 14.0% | 13.2% |
| Fundraising costs as % of donations | 0.9% | 0.6% | 0.6% |
| Total overhead spending | 16.2% | 14.5% | 13.8% |
| Program cost coverage (%) | 76.8% | 80.9% | 58.2% |
Summary Financial StatementsAll figures in $s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 2,257,684 | 2,402,762 | 2,160,618 |
| Government funding | 97,500 | 97,500 | 75,000 |
| Investment income | 4,286 | 2,289 | 3,318 |
| Total revenues | 2,359,470 | 2,502,551 | 2,238,936 |
| Program costs - International | 1,548,110 | 1,425,805 | 1,438,042 |
| Program costs - Canada | 373,200 | 335,366 | 291,759 |
| Grants | 1,446 | 10,684 | 18,105 |
| Administrative costs | 361,587 | 348,825 | 295,892 |
| Fundraising costs | 19,275 | 13,209 | 13,111 |
| Total spending | 2,303,617 | 2,133,889 | 2,056,909 |
| Cash flow from operations | 55,853 | 368,662 | 182,027 |
| Capital spending | 7,706 | 4,056 | 10,966 |
| Funding reserves | 1,477,120 | 1,433,086 | 1,016,590 |
Note: Ci reported fundraising and administrative costs from the charity’s T3010 filing with the CRA and backed out amortization pro-rata. Ci reported grants from the charity’s T3010 filing with the CRA. Ci reported program costs from the charity’s T3010 filing with the CRA and backed out payments to coalitions as reported in the audited financial statements note 8. Ci backed amortization from program, administrative, and fundraising costs pro-rata. Ci reported payments to coalitions as international program costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
4 |
< $40k |
2 |
Information from most recent CRA Charities Directorate filings for F2022
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 250-712-2007