Hope and Home

The information on this page was last updated 3/16/2023. If you see errors or omissions, please email: [email protected]


Summary

Hope & Home is a provider of foster/adopt services. We help find safe and loving homes for the children in Colorado who have been abused and neglected.


Contact information

Mailing address:
Hope and Home
4945 N 30th St
Colorado Springs, CO 80919

Website: hopeandhome.org

Phone: 719-575-9887

Email: [email protected]


Organization details

EIN: 841467476

CEO/President: Ross Wright

Chairman: Dick Schultz

Board size: 7

Founder: concerned Sunday School members

Ruling year: 1998

Tax deductible: Yes

Fiscal year end: 08/31

Member of ECFA: No

Member of ECFA since:


Purpose

Abused and neglected children who've been removed from their birth homes get a stable and nurturing family to live with until it's safe to go home again, or - when that safety isn't possible - a family to give them a "forever home" through adoption.


Mission statement

Hope & Home trains and actively supports Colorado Springs foster families and foster parents all across Colorado who feel compelled by Christ's command to take care of "the least of these."


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

D

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Adoption/Foster Care

CategoryRatingOverall rankSector rank
Overall efficiency rating788 of 111017 of 32
Fund acquisition rating664 of 111116 of 32
Resource allocation rating540 of 111113 of 32
Asset utilization rating864 of 111022 of 32

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%18%20%15%15%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
4%2%3%2%1%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
60%10%17%14%10%18%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
4%2%4%3%2%2%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
40%90%83%86%90%82%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%85%85%84%85%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
101%79%80%76%70%76%
Program output ratio Program output ratio =
Program services /
Total revenue
85%67%68%64%59%64%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-1%21%20%24%30%24%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
1%16%19%24%38%37%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
11%12%11%13%13%14%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.040.500.620.620.670.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.351.221.211.261.331.57
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.740.610.760.770.891.26
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.5421.4926.2021.4219.869.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.050.040.050.050.10
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.4118.6515.2714.7912.758.57
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%16%16%19%23%33%
Debt ratio Debt ratio =
Debt /
Total assets
0%8%10%13%19%26%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
84%167%135%132%115%84%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$1,794,545$8,381,324$6,515,872$4,519,139$1,842,041
Receivables, inventories, prepaids$580,854$802,166$774,435$725,159$830,573
Short-term investments$9,945,211$1,263,473$1,487,594$1,227,678$1,098,997
Other current assets$0$0$0$0$0
Total current assets$12,320,610$10,446,963$8,777,901$6,471,976$3,771,611
Long-term investments$0$0$0$0$0
Fixed assets$2,123,018$1,897,448$1,987,443$2,082,133$2,118,262
Other long-term assets$623,009$343,052$270,451$22,410$22,044
Total long-term assets$2,746,027$2,240,500$2,257,894$2,104,543$2,140,306
Total assets$15,066,637$12,687,463$11,035,795$8,576,519$5,911,917
 
Liabilities20232022202120202019
Payables and accrued expenses$573,382$398,683$409,736$325,913$387,749
Other current liabilities$0$0$0$0$0
Total current liabilities$573,382$398,683$409,736$325,913$387,749
Debt$1,228,533$1,306,760$1,382,947$1,605,170$1,523,542
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$623,009$343,052$270,451$22,410$22,044
Total long-term liabilities$1,851,542$1,649,812$1,653,398$1,627,580$1,545,586
Total liabilities$2,424,924$2,048,495$2,063,134$1,953,493$1,933,335
 
Net assets20232022202120202019
Without donor restrictions$12,503,967$10,500,114$8,832,834$6,392,871$3,615,219
With donor restrictions$137,746$138,854$139,827$230,155$363,363
Net assets$12,641,713$10,638,968$8,972,661$6,623,026$3,978,582
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$949,603$1,696,404$1,251,843$844,454$1,142,886
Program service revenue$8,377,751$8,075,292$7,589,305$7,395,394$5,046,426
Membership dues$0$0$0$0$0
Investment income$264,415$26,306$22,263$14,164$13,824
Other revenue$2,411$97,797$52,577$16,403$15,276
Total other revenue$8,644,577$8,199,395$7,664,145$7,425,961$5,075,526
Total revenue$9,594,180$9,895,799$8,915,988$8,270,415$6,218,412
 
Expenses20232022202120202019
Program services$6,460,715$6,714,231$5,689,632$4,913,578$3,966,079
Management and general$929,845$837,835$914,549$745,941$678,598
Fundraising$166,725$342,311$186,710$123,954$94,986
Total expenses$7,557,285$7,894,377$6,790,891$5,783,473$4,739,663
 
Change in net assets20232022202120202019
Surplus (deficit)$2,036,895$2,001,422$2,125,097$2,486,942$1,478,749
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,036,895$2,001,422$2,125,097$2,486,942$1,478,749

Compensation

NameTitleCompensation
Ross WrightExecutive Director$245,476
Jacquelyn M Thurman WrightEmployee$123,897
Jessica M EngelEmployee$114,458

Compensation data as of: 8/31/2023


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 3/16/2023. To update the information below, please email: [email protected]


History

Hope & Home started with a few concerned members of a church Sunday school group who saw foster kids being treated like second-class citizens, or worse, and decided to do something about it.

Today, we've turned foster care upside down and have emerged as one of the largest, most dynamic child placement agencies (CPAs) in the state of Colorado - with hundreds of children rescued from the foster care system and happily adopted. Each year we provide short- and long-term, in-family care to hundreds of children in crisis.

At any given time, from well over 100 to 150 families across the Front Range are either providing care for foster children or are in training to become licensed with us.

Along the way, we've created a program where children in foster care are nurtured and truly cared for, and where the foster parents who give these children a home can do so with a level of friendly, professional support not found anywhere else.

Our strength comes from our Christian commitment to children, from our large and highly invested community of donors and supporters, and from our pledge to only accept first-rate foster parents who believe, as we do, that no child should ever feel less than loved.

The result? Hope & Home is recognized by numerous judges, child welfare experts and others as having the best foster parents, and as being the agency that does the best job taking care of foster children.


Program accomplishments

A proven Colorado Foster Care Agency:

2706 foster kids Hope and Home has helped place in loving families

699 families Hope and Home has certified to provide foster care.


Needs