Eight Days of Hope 
The information on this page was last updated 7/13/2023. If you see errors or omissions, please email: [email protected]
Summary
Eight Days of Hope is a Christian, nonprofit organization that exists to love and serve those in need. Eight Days of Hope serves as the hands and feet of Christ - providing light in the face of darkness, restoration in the face of destruction. We are a national organization that responds to disasters across the country, helping to rebuild homes, communities, and lives.
Contact information
Mailing address:
Eight Days of Hope
PO Box 3208
Tupelo, MS 38803
Website: eightdaysofhope.com
Phone: 662-844-6934
Email: [email protected]
Organization details
EIN: 753212540
CEO/President: Steve Tybor
Chairman: Steve Tybor
Board size: 7
Founder: Steve Tybor
Ruling year: 2006
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2017
Purpose
Our commitment to those we serve is to use the resources that God has blessed us with to bring hope and healing.
Our commitment to churches is to partner with the local body of believers to meet the community's spiritual needs.
Our commitment to communities is to work with local businesses and local governments to meet the community's physical needs.
Our commitment to volunteers is to provide them an opportunity to use their skills and talents to glorify God.
Our commitment to donors is to use the resources they give to the fullest potential for the greatest good among those in need.
Mission statement
Eight Days of Hope is a Christian, nonprofit organization that exists to love and serve those in need.
Statement of faith
We believe the Bible is the inspired and infallible Word of God and constitutes completed and final revelation.
The Bible, in its original autograph, is without error in whole and part; including theological truths as well as geographical and historical details.
We believe God has existed from all eternity in three persons: God the Father, God the Son, and God the Holy Spirit. Jesus Christ is God, having come in human flesh, being fully God and fully man, except without sin.
We believe all men are in violation of God's righteous requirements and His holy character both by nature and act: and are therefore under His wrath and just condemnation. The central purpose of the coming of Jesus Christ was to pay the penalty for man's sin through His substitutionary death on the cross and subsequent, visible, bodily resurrection.
We believe salvation is offered as a gift: free to the sinner. The gift must be responded to in individual faith, not trusting in any personal works whatsoever, but the sacrificial death of Jesus Christ alone.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 278 of 1091 | 22 of 86 |
| Fund acquisition rating | | 92 of 1094 | 9 of 86 |
| Resource allocation rating | | 137 of 1094 | 10 of 86 |
| Asset utilization rating | | 953 of 1091 | 72 of 86 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 5% | 1% | 1% | 1% | 0% | 0% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 1% | 1% | 1% | 0% | 0% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 97% | 97% | 109% | 100% | 100% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 1% | 2% | 1% | 0% | 1% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 3% | 3% | -9% | 0% | 0% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 98% | 95% | 96% | 97% | 94% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 68% | 61% | 89% | 61% | 33% |
Program output ratio Program output ratio = Program services / Total revenue | 79% | 66% | 58% | 86% | 59% | 31% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | 32% | 39% | 11% | 39% | 67% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 16% | 23% | 20% | 4% | 44% | 66% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 6% | 1% | 3% | 3% | 2% | 5% |
| Investing ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.34 | 0.50 | 0.31 | 0.35 | 0.68 | 0.32 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.23 | 1.44 | 1.55 | 1.81 | 1.66 | 1.51 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.88 | 0.72 | 0.48 | 0.63 | 1.12 | 0.48 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 18.60 | 0.00 | 0.00 | 0.00 | 62.85 | 282.38 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.05 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.82 | 16.64 | 25.11 | 19.10 | 10.51 | 24.72 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 7% | 0% | 0% | 0% | 1% | 0% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 60% | 200% | 324% | 289% | 146% | 312% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Cash | $4,727,948 | $3,319,350 | $1,549,852 | $1,764,540 | $2,127,043 |
| Receivables, inventories, prepaids | $1,717,494 | $1,580,106 | $1,793,258 | $1,766,829 | $37,124 |
| Short-term investments | $440,907 | $1,047 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $6,886,349 | $4,900,503 | $3,343,110 | $3,531,369 | $2,164,167 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $3,014,191 | $2,686,986 | $2,723,143 | $2,325,008 | $1,105,323 |
| Other long-term assets | $30,192 | $0 | $0 | $0 | $0 |
| Total long-term assets | $3,044,383 | $2,686,986 | $2,723,143 | $2,325,008 | $1,105,323 |
| Total assets | $9,930,732 | $7,587,489 | $6,066,253 | $5,856,377 | $3,269,490 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| Payables and accrued expenses | $0 | $0 | $0 | $56,183 | $7,664 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $0 | $0 | $0 | $56,183 | $7,664 |
| Debt | $0 | $0 | $0 | $0 | $0 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $14,607 | $2 | $6 | $93 | $93 |
| Total long-term liabilities | $14,607 | $2 | $6 | $93 | $93 |
| Total liabilities | $14,607 | $2 | $6 | $56,276 | $7,757 |
| Net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Without donor restrictions | $8,536,125 | $6,087,487 | $4,446,247 | $4,060,101 | $3,261,733 |
| With donor restrictions | $1,380,000 | $1,500,000 | $1,620,000 | $1,740,000 | $0 |
| Net assets | $9,916,125 | $7,587,487 | $6,066,247 | $5,800,101 | $3,261,733 |
| Revenues and expenses | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| Total contributions | $7,105,219 | $3,731,305 | $2,570,815 | $6,510,908 | $3,181,817 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $41,204 | $8,536 | ($190,542) | $3,359 | $3,758 |
| Other revenue | $148,626 | $123,652 | ($13,218) | ($6,653) | $1,019 |
| Total other revenue | $189,830 | $132,188 | ($203,760) | ($3,294) | $4,777 |
| Total revenue | $7,295,049 | $3,863,493 | $2,367,055 | $6,507,614 | $3,186,594 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| Program services | $4,848,559 | $2,231,229 | $2,026,082 | $3,858,183 | $988,944 |
| Management and general | $73,627 | $62,351 | $57,734 | $95,554 | $49,642 |
| Fundraising | $44,225 | $48,673 | $17,093 | $15,509 | $8,303 |
| Total expenses | $4,966,411 | $2,342,253 | $2,100,909 | $3,969,246 | $1,046,889 |
| Change in net assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| Surplus (deficit) | $2,328,638 | $1,521,240 | $266,146 | $2,538,368 | $2,139,705 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,328,638 | $1,521,240 | $266,146 | $2,538,368 | $2,139,705 |
Compensation
| Name | Title | Compensation |
| Steve Tybor III | President | $187,840 |
Compensation data as of: 12/31/2021
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 7/13/2023. To update the information below, please email: [email protected]
History
In 2005, Eight Days of Hope (EDOH) started with a phone call from a father to a son after the devastation of Hurricane Katrina. The idea was for a few people to take a trip to the Gulf Coast to rebuild a home or two. What happened was a volunteer effort of 684 people loving and serving 84 families - something only God could do.
It eventually became a movement through which He would touch tens of thousands of people's lives and impact communities forever.
The number eight in the bible means "new beginnings". When we considered the real reason, we were going to the coast, it wasn't necessarily about rebuilding the damaged homes - it was about sharing the hope of our God. And hence, the name "Eight Days of Hope" was born.
Since then, EDOH has gone on 19 rebuilding events. These trips occur months after a disaster and include roofing, carpentry, electrical, painting, and more. EDOH has now rebuilt over 9,300 homes in the aftermath of these disasters, totaling $72 million dollars of work, for free.
In 2014, EDOH started a Rapid Response arm to respond 48-72 hours after a disaster strikes with tasks such as gutting homes and tarping roofs. EDOH has deployed this arm 49 times in the past eight years.
In 2016, EDOH added a Distribution Ministry, feeding ministry, shower ministry, and laundry ministry. The distribution ministry serves as a conduit for large companies to donate products that are no longer being used, which EDOH then allows churches for free to help their communities. The feeding, shower, and laundry ministries often accompany rebuilding and rapid response trips, but the trailers are also available for churches to use when they are not being utilized by EDOH.
In 2018, EDOH put the plans in place to build a National Headquarters in Tupelo, Mississippi. The headquarters opened in May 2019. We also eventually opened a Northeast Satellite in Buffalo, NY, and a Midwest Satellite in Cedar Rapids, Iowa.
In the fall of 2019, EDOH launched our newest arm of the ministry: building or remodeling safe houses for survivors of human trafficking. EDOH is currently building our 13th safe house for those rescued from sex trafficking. Our current safe house is a nine-month project, and it involves 12 buildings on a beautiful campus in Ohio. Safe Harbor will be the largest safe house for children who have been rescued in the Northeast. It is a $6.5 million dollar project.
Program accomplishments
To date, we've had over 51,000 volunteers come from across the globe to spread God's joy and serve His people through EDOH. EDOH has donated over $72 million dollars of donated labor.
Needs
We couldn't do what we do without you. We wouldn't have witnessed the thousands of smiles of those touched by the hope of Jesus. Or the restoration of homes from the rubble. Or the coming together of communities united by God's love and strength. Your financial support allows us to love and serve those in need.