Hope For You Inc
- Assets
- $874.5k
- Revenue
- $300.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, TX
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 46-4884985
Organization Overview
Hope For You Inc is located in Greenville, TX. The organization was established in 2015. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope For You Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hope For You Inc generated $300.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $292.5k during the year ending 12/2021. While expenses have increased by 17.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ELIMINATE POVERTY IN THE WORLD,EMPOWER THE HUMAN POTENTIAL FOR SELF RELIANCE & RESTORE THE POWER OF HOPE FOR EVERY INDIVIDUAL. SEE SEPARATE STATEMENT FOR FULL MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
*PARTNERED WITH WORLD VISION INTERNATIONAL TO BRING DIAPERS, TOYS, FURNITURE, HOUSEHOLD ITEMS, AND OUTDOOR SUPPLIES TO COMMUNITIES AROUND THE WORLD. *PARTNERED WITH CARTERS APPAREL COMPANY AND KID-TO-KID RETAIL STORES, NATIONWIDE, TO PROVIDE CLOTHING FOR CHILDREN. *PARTNERED WITH FOOD BANKS, NATIONWIDE, TO PROVIDE FOOD FOR COMMUNITIES.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,725 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $125,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $660 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,140 |
| Advertising and promotion | $0 |
| Office expenses | $53 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,178 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,553 |
| Interest | $1,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,315 |
| Insurance | $375 |
| All other expenses | $0 |
| Total functional expenses | $292,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,558 |
| Savings and temporary cash investments | $21,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $591,479 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $874,477 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $234,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $234,700 |
| Net assets without donor restrictions | $434,138 |
| Net assets with donor restrictions | $205,639 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $874,477 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hope For You Inc has recieved totaling $18,686.
| Awarding Organization | Amount |
|---|---|
Delivering Good Inc New York, NY PURPOSE: POVERTY ASSISTANCE | $18,628 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Life Community Outreach Inc Mesquite, TX | $2,053,373 | $25,973,083 |
Food Bank Of Northeast Arkansas Jonesboro, AR | $15,669,571 | $22,965,303 |
Arvac Inc Dardanelle, AR | $9,742,148 | $20,926,071 |
Galveston County Food Bank Texas City, TX | $6,843,848 | $17,758,776 |
Caritas Of Waco Waco, TX | $6,458,652 | $16,290,870 |
Metrocrest Services Farmers Branch, TX | $16,311,455 | $22,147,837 |
Memorial Assistance Ministries Inc Houston, TX | $12,620,656 | $8,704,582 |
Healthcare For The Homeless-Houston Houston, TX | $9,738,330 | $7,057,693 |
Cornerstone Assistance Network Inc Fort Worth, TX | $6,473,488 | $6,928,385 |
Goodness Outreach Depot Haslet, TX | $63,576 | $5,040,175 |
Reach Out America Intnl Inc League City, TX | $82,428 | $5,177,951 |
Humble Area Assistance Ministries Humble, TX | $3,384,410 | $5,119,606 |