Filter Of Hope

The information on this page was last updated 12/4/2023. If you see errors or omissions, please email: [email protected]


Summary



Bringing clean water and Christ's love to those in desperate need of both.


Contact information

Mailing address:
Filter Of Hope
1400 Jack Warner Pkwy NE
Tuscaloosa, AL 35404

Website: filterofhope.org

Phone: (205)-310-4950

Email: [email protected]


Organization details

EIN: 371751688

CEO/President: Bart Smelley

Chairman: Steve Hillis

Board size: 8

Founder: Bart Smelley

Ruling year: 2014

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

Our goal is to see the end of the global water crisis. Beyond even that, we desire to see the fulfillment of Jesus' Great Commission.


Mission statement

Motivated by the compassion of Christ, Filter of Hope brings clean water to people who are thirsty.


Statement of faith

At Filter of Hope, we believe...

in the Holy Scriptures as originally given by God, divinely inspired, infallible, entirely trustworthy; and the supreme authority in all matters of faith and conduct.

in one God, eternally existent in three persons: Father, Son, and Holy Spirit.

in our Lord Jesus Christ, God manifest in the flesh, His virgin birth, His sinless human life, His divine miracles, His vicarious and atoning death, His bodily resurrection, His ascension to the right hand of the Father, and His personal return in power and glory.

in salvation of lost and sinful man through the shed blood of the Lord Jesus Christ by faith apart from works, and regeneration by the Holy Spirit.

in the Holy Spirit, by whose indwelling and ministry in the Christian enables believers to live a godly life and to witness and work for the Lord Jesus Christ.

in the unity of the Spirit of all true believers, the church, and the body of Christ.

in the resurrection of both the saved and the lost; the saved unto the resurrection of eternal life in heaven, the lost unto eternal separation from God.

Donor confidence score

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Community Development

CategoryRatingOverall rankSector rank
Overall efficiency rating83 of 110216 of 122
Fund acquisition rating166 of 110317 of 122
Resource allocation rating152 of 110336 of 122
Asset utilization rating364 of 110240 of 122

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%2%3%3%3%13%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%1%2%2%2%11%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
88%79%56%64%71%82%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%2%2%3%2%12%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
12%21%44%36%29%18%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%89%90%84%89%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%75%86%86%89%90%
Program output ratio Program output ratio =
Program services /
Total revenue
75%67%77%73%79%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%25%14%14%11%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%42%24%29%33%38%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%9%8%13%9%7%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.841.251.251.642.563.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.761.001.001.001.011.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.721.251.261.652.593.30
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.9642.968.1645.3829.7222.18
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.020.120.020.030.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.279.408.387.124.483.48
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%12%9%3%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%7%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
102%78%70%55%38%29%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,569,608$1,815,322$1,340,408$916,727$625,240
Receivables, inventories, prepaids$636,082$237,781$205,210$118,333$72,927
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,205,690$2,053,103$1,545,618$1,035,060$698,167
Long-term investments$0$0$0$0$0
Fixed assets$2,116$4,114$6,700$9,850$9,850
Other long-term assets$0$0$0$0$0
Total long-term assets$2,116$4,114$6,700$9,850$9,850
Total assets$3,207,806$2,057,217$1,552,318$1,044,910$708,017
 
Liabilities20222021202020192018
Payables and accrued expenses$74,622$251,465$34,056$34,828$31,476
Other current liabilities$0$0$0$0$0
Total current liabilities$74,622$251,465$34,056$34,828$31,476
Debt$0$0$105,300$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$105,300$0$0
Total liabilities$74,622$251,465$139,356$34,828$31,476
 
Net assets20222021202020192018
Without donor restrictions$1,213,413$1,359,657$1,412,962$1,010,082$676,541
With donor restrictions$1,919,771$446,095$0$0$0
Net assets$3,133,184$1,805,752$1,412,962$1,010,082$676,541
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$4,226,940$1,691,798$1,875,123$2,130,928$2,100,758
Program service revenue$1,099,297$1,320,797$1,074,986$880,323$459,120
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$0$0$0$0$0
Total other revenue$1,099,297$1,320,797$1,074,986$880,323$459,120
Total revenue$5,326,237$3,012,595$2,950,109$3,011,251$2,559,878
 
Expenses20222021202020192018
Program services$3,568,688$2,312,046$2,143,534$2,373,342$1,867,395
Management and general$360,960$212,070$338,881$249,383$163,850
Fundraising$69,157$55,945$64,814$54,985$270,489
Total expenses$3,998,805$2,580,061$2,547,229$2,677,710$2,301,734
 
Change in net assets20222021202020192018
Surplus (deficit)$1,327,432$432,534$402,880$333,541$258,144
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,327,432$432,534$402,880$333,541$258,144

Compensation

NameTitleCompensation
Bart SmelleyFounder/Boar$104,130

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/4/2023. To update the information below, please email: [email protected]


History


Program accomplishments

In 2012, we distributed the first Filter of Hope water filters in the Dominican Republic. Since then, we've expanded to 11 additional countries in the Caribbean and Central America, and our partner organizations have taken our water filters to more than 70 countries worldwide.


Needs