EIN 95-4378084

Operation Hope

IRS 501(c) type
501(c)(3)
Num. employees
355
State
Year formed
1992
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Operation Hope empowers low and moderate-income youth and adults, disrupting poverty through its for-purpose organization. Its Adult HOPE Inside program offers resources to improve clients' financial situations, including a 700-credit score initiative. Disaster HOPE partners with FEMA, the American Red Cross, the EDA, corporations, and volunteer organizations to address financial disaster preparedness, response, and recovery across the nation.
Total revenues
$38,394,389
2022
Total expenses
$36,081,814
2022
Total assets
$45,411,250
2022
Num. employees
355
2022

Program areas at Operation Hope

Adult HOPE Inside gives clients the resources to improve their financial situations. Through our 700-credit score initiative, we approve clients as soon as they seek assistance, commit to the resolution of primary credit denial factors, and raised FICO scores an average of 42 points. Programs offered: Financial Literacy Workshops, Entrepreneurial Training and counseling for Foreclosure Prevention, Money Management, Homeownership, Small Business, and Credit & Money Management. In 2022, HOPE provided 176,880 adult services and expanded our HOPE Inside network to 230 locations. Our clients achieved the following: Increased savings by $1,100, reduced debt by $1,944, and obtained $103 million in mortgage loans.
Disaster HOPE is a national partner of FEMA, addressing financial disaster preparedness, response, and recovery. Other disaster partners include the American Red Cross, the Economic Development Administration (EDA), corporations, and other volunteer organizations. Since 2001, HOPE has helped over 1.5 million individuals with pre-disaster financial preparedness and counseling, post disaster financial recovery, and FEMA application assistance to families affected in 148 major disasters across 30 states and Puerto Rico. Through 2022, HOPE provided 65,472 disaster recovery services.
1MBB HOPEs 1 Million Black Businesses initiative (1MBB) provides the black community a successful path to wealth creation through sustainable and profitable business ownership. 1MBB participants can take advantage of coaching and educational services, access to expert volunteers and more. The 1MBB Initiative is an extension of the HOPE Small Business program with access to additional resources as made possible by support from key 1MBB partners. HOPEs team of dedicated Small Business Coaches can help entrepreneurs and new or existing small business owners identify their key needs and then provide the education, coaching and connections needed to improve their businesses. From program inception to date, HOPE has supported more than 169,087 unique black-owned businesses, which accounts for approximately 5% of all black-owned businesses in the U.S.

Who funds Operation Hope

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Synchrony FoundationFunding Supports General Operations and Programming.$1,000,000
The Clayton Homes FoundationSupport for LMS Home Ownership$401,422
Santander Consumer USA FoundationFunding To Support the Financial Learning Program for Youth.$372,318
...and 34 more grants received totalling $3,966,591

Personnel at Operation Hope

NameTitleCompensation
John BryantChairman and Chief Executive Officer$633,555
Jennifer WolfordExecutive Vice President , Chief Innovation Officer$222,759
Brian BettsPresident and Chief Financial Officer$461,747
Rachael DoffSevp and Chief Administrative Officer$375,941
Kevin BoucherExecutive Vice President , Chief Advocacy Officer$285,880
...and 11 more key personnel

Financials for Operation Hope

RevenuesFYE 12/2022
Total grants, contributions, etc.$38,330,680
Program services$0
Investment income and dividends$52,909
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$10,800
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$38,394,389

Form 990s for Operation Hope

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-29990View PDF
2021-122022-07-25990View PDF
2020-122021-06-08990View PDF
2019-122020-09-09990View PDF
2018-122020-10-05990View PDF
...and 10 more Form 990s
Data update history
October 25, 2023
Received grants
Identified 2 new grant, including a grant for $291,230 from The Blackbaud Giving Fund
August 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 24, 2023
Updated personnel
Identified 4 new personnel
August 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 14 new vendors, including , , , , , , , , , , , , , and
Nonprofit Types
Business and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
National levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
Address
191 Peachtree St Ne 3840
Atlanta, GA 30303
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
Website URL
operationhope.org/ 
Phone
(404) 941-2919
Facebook page
operationhope 
Twitter profile
@operationhope 
IRS details
EIN
95-4378084
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S40: Business and Industry
NAICS code, primary
624230: Emergency and Relief Services
Parent/child status
Independent
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