HOPE INITIATIVE INC

HOPE INITIATIVE INC

Mayfield, KY, US
501(c)3
EIN
87-4331334

HOPE INITIATIVE INC

Mayfield, KY, US
501(c)3
EIN
87-4331334

Overview

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Est.

2022

Fiscal Year Start

Jan 1

Organization Type

Grantseeker
AI Summary
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HOPE INITIATIVE INC is a nonprofit organization operating in Graves County, dedicated to providing disaster relief and support services while promoting the Gospel of Jesus Christ. With an operating budget of $5.5 million and total revenue of $6.1 million for the 2024 filing year, the organization relies on multiple funders, none of which contribute 50% or more of its revenue. Focused on human rights and human services, HOPE INITIATIVE INC aims to make a significant impact in its community.

Mission Statement

TO PROVIDE DISASTER RELIEF AND OTHER SUPPORT SERVICES TO RESIDENTS OF GRAVES COUNTY WHILE SPREADING THE GOSPEL OF JESUS CHRIST.
Revenues

$6.1M

Expenses

$5.5M

Net Income:
+$633.1K
Assets

$8.1M

Liabilities

$96.4K

Net Assets:
+$8M
Operating Budget

$5.5M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

4

Median grant size
$212.5K
Largest grant received
$500K
C
Catherine Price
Board Member
G
Greg Hussey
Board Member
S
Stephen Boyken
Board Member

Frequently Asked Questions

What is HOPE INITIATIVE INC’s budget?
In 2024, HOPE INITIATIVE INC reported an annual operating budget of around $5.5 million. More detailed financial information is available to registered users.
What causes does HOPE INITIATIVE INC support?
HOPE INITIATIVE INC supports work in Human rights and Human services.
Where does HOPE INITIATIVE INC operate?
HOPE INITIATIVE INC is headquartered in Mayfield, KY.
Who funded HOPE INITIATIVE INC recently?
In 2024, HOPE INITIATIVE INC received grants from Honorable Order of Kentucky Colonels Inc, Honorable Order of Kentucky Colonels Inc, and COMMUNITY FOUNDATION OF WEST KYINC. More information on this organization’s funders is available to registered users.
What is the largest grant HOPE INITIATIVE INC received in 2024?
The largest grant to HOPE INITIATIVE INC in 2024 exceeds $500 thousand.
What is HOPE INITIATIVE INC’s reliance on government grants?
HOPE INITIATIVE INC relied on government grants for more than 30% of their total revenue in 2024.
Overview
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