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.
86%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 86 cents are available for programs.
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OVERVIEW
About Hope for the Nations:
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 23 countries across Asia, Africa, Eastern Europe, and North America.
As well as working with children, Hope for the Nations' partners also provide programs to women who need help to lift their families from poverty or to address sexual exploitation.
In Canada, Hope for the Nations funds 2 programs: Launchpad New Immigrant Society, that helps highly-trained immigrants regain their professional status in Canada, and Food for Thought, a breakfast program for children in the Okanagan Valley.
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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 9 years. As well, it reports that at the Akae Dwelling in Mombasa, women have started their own businesses, such as a restaurant and a salon. These results are a sample of those provided on the charity’s website.
Charity Intelligence has rated Hope for the Nations as Low on demonstrated impact per dollar spent.
Impact Rating: Low
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Finances
Hope for the Nations received $2.3m in donations in F2019, up 13% from F2017. Administrative costs were 14% of total revenues. Fundraising costs reported on the charity’s T3010 filing with the CRA were less than 1% of donations. Total overhead spending falls within Ci’s reasonable range. The charity has funding reserves of $624k that can cover just over 4 months of program spending, indicating a funding need.
Financial Review
Fiscal year ending July
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.9% | 18.8% | 14.3% |
| Fundraising costs as % of donations | 0.6% | 0.4% | 0.6% |
| Total overhead spending | 14.5% | 19.2% | 14.9% |
| Program cost coverage (%) | 34.2% | 38.6% | 21.4% |
Summary Financial StatementsAll figures in $s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 2,252,746 | 1,735,549 | 1,908,369 |
| International donations | 0 | 132,594 | 90,908 |
| Government funding | 0 | 17,000 | 0 |
| Investment income | 16,664 | 2,210 | 8,361 |
| Total revenues | 2,269,410 | 1,887,353 | 2,007,638 |
| Program costs - International | 1,650,132 | 1,282,864 | 1,672,874 |
| Program costs - Canada | 172,042 | 112,057 | 76,752 |
| Administrative costs | 312,800 | 354,990 | 286,755 |
| Fundraising costs | 13,211 | 6,747 | 10,969 |
| Total spending | 2,148,180 | 1,756,658 | 2,047,350 |
| Cash flow from operations | 121,225 | 130,695 | (39,712) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 623,918 | 538,129 | 374,051 |
Note: International donations, government funding, administrative costs, and fundraising expenses were taken from the charity's T3010 filing with the CRA for F2018 and F2017. The T3010 was not available for F2019 at the time this profile was created thus the values for F2019 are likely not comparable.
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 F2019
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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