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
Transparency grade
D
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Adoption/Foster Care
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 824 of 1096 | 21 of 34 |
| Fund acquisition rating | | 821 of 1098 | 24 of 34 |
| Resource allocation rating | | 516 of 1098 | 15 of 34 |
| Asset utilization rating | | 805 of 1096 | 22 of 34 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 20% | 15% | 15% | 8% | 9% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 4% | 3% | 2% | 1% | 2% | 2% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 63% | 17% | 14% | 10% | 18% | 22% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 4% | 4% | 3% | 2% | 2% | 2% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 37% | 83% | 86% | 90% | 82% | 78% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 84% | 85% | 84% | 85% | 84% | 83% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 80% | 76% | 70% | 76% | 91% |
Program output ratio Program output ratio = Program services / Total revenue | 80% | 68% | 64% | 59% | 64% | 75% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | 20% | 24% | 30% | 24% | 9% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 5% | 19% | 24% | 38% | 37% | 15% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 11% | 13% | 13% | 14% | 15% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.83 | 0.62 | 0.62 | 0.67 | 0.80 | 0.83 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.30 | 1.21 | 1.26 | 1.33 | 1.57 | 1.98 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.64 | 0.76 | 0.77 | 0.89 | 1.26 | 1.64 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.05 | 26.20 | 21.42 | 19.86 | 9.73 | 9.21 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.04 | 0.05 | 0.05 | 0.10 | 0.11 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.98 | 15.27 | 14.79 | 12.75 | 8.57 | 6.50 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 16% | 19% | 23% | 33% | 43% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 10% | 13% | 19% | 26% | 37% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 91% | 135% | 132% | 115% | 84% | 69% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $8,381,324 | $6,515,872 | $4,519,139 | $1,842,041 | $808,576 |
| Receivables, inventories, prepaids | $802,166 | $774,435 | $725,159 | $830,573 | $382,551 |
| Short-term investments | $1,263,473 | $1,487,594 | $1,227,678 | $1,098,997 | $988,467 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $10,446,963 | $8,777,901 | $6,471,976 | $3,771,611 | $2,179,594 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $1,897,448 | $1,987,443 | $2,082,133 | $2,118,262 | $2,105,677 |
| Other long-term assets | $343,052 | $270,451 | $22,410 | $22,044 | $25,332 |
| Total long-term assets | $2,240,500 | $2,257,894 | $2,104,543 | $2,140,306 | $2,131,009 |
| Total assets | $12,687,463 | $11,035,795 | $8,576,519 | $5,911,917 | $4,310,603 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $398,683 | $409,736 | $325,913 | $387,749 | $236,675 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $398,683 | $409,736 | $325,913 | $387,749 | $236,675 |
| Debt | $1,306,760 | $1,382,947 | $1,605,170 | $1,523,542 | $1,590,221 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $343,052 | $270,451 | $22,410 | $22,044 | $25,332 |
| Total long-term liabilities | $1,649,812 | $1,653,398 | $1,627,580 | $1,545,586 | $1,615,553 |
| Total liabilities | $2,048,495 | $2,063,134 | $1,953,493 | $1,933,335 | $1,852,228 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $10,500,114 | $8,832,834 | $6,392,871 | $3,615,219 | $2,443,341 |
| With donor restrictions | $138,854 | $139,827 | $230,155 | $363,363 | $15,034 |
| Net assets | $10,638,968 | $8,972,661 | $6,623,026 | $3,978,582 | $2,458,375 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $1,696,404 | $1,251,843 | $844,454 | $1,142,886 | $859,877 |
| Program service revenue | $8,075,292 | $7,589,305 | $7,395,394 | $5,046,426 | $3,008,199 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $26,306 | $22,263 | $14,164 | $13,824 | $52,702 |
| Other revenue | $97,797 | $52,577 | $16,403 | $15,276 | $27,086 |
| Total other revenue | $8,199,395 | $7,664,145 | $7,425,961 | $5,075,526 | $3,087,987 |
| Total revenue | $9,895,799 | $8,915,988 | $8,270,415 | $6,218,412 | $3,947,864 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $6,714,231 | $5,689,632 | $4,913,578 | $3,966,079 | $2,974,659 |
| Management and general | $837,835 | $914,549 | $745,941 | $678,598 | $531,088 |
| Fundraising | $342,311 | $186,710 | $123,954 | $94,986 | $78,870 |
| Total expenses | $7,894,377 | $6,790,891 | $5,783,473 | $4,739,663 | $3,584,617 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | $2,001,422 | $2,125,097 | $2,486,942 | $1,478,749 | $363,247 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $2,001,422 | $2,125,097 | $2,486,942 | $1,478,749 | $363,247 |
Compensation
| Name | Title | Compensation |
| Ross Wright | Executive Director | $250,260 |
Compensation data as of: 8/31/2022
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 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.