HopeKids 
The information on this page was last updated 5/9/2023. If you see errors or omissions, please email: [email protected]
Summary
HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. They focus on five areas of impact: hope and anticipation, family, community and support, safety and acceptance, and economic support.
Contact information
Mailing address:
HopeKids
PO Box 28471
Scottsdale, AZ 85255
Website: hopekids.org
Phone: (800) 319-5845
Email: [email protected]
Organization details
EIN: 861042378
CEO/President: Josh Taylor
Chairman: Steve Whiteman
Board size: 7
Founder:
Ruling year: 2002
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 2014
Purpose
To restore hope and transform the lives of children with life-threatening medical conditions, their families and the communities in which we serve.
Mission statement
HopeKids provides ongoing events, activities and a powerful, unique support community for families who have a child with cancer or some other life-threatening medical condition. We surround these remarkable children and their families with the message that hope can be a powerful medicine.
Statement of faith
Our Guiding Principles:
Our vision, mission and motivation are driven by our desire to serve in the name of Jesus Christ in response to and out of our gratitude to God. (Colossians 3:17) It is through God's love and the eternal hope we find in Jesus that we want to love and offer hope to those in need.
We cling to the promise that "Hope does not disappoint." (Romans 5:5) We also believe that hope comes from God, and provides joy and peace in a way that nothing else can. These biblical truths form our belief that hope is a powerful medicine, and all our activities, resources, and time are to be directed to restoring hope for the future to the children and families we serve.
We strive to promote integrity, honesty, and openness in the manner in which we conduct our daily financial and management operations. We will be good stewards of all resources that God has blessed us with.
The HopeKids program is open to all children with life-threatening medical conditions and their families without regard to background, ethnicity, gender, religion, race, or sexual orientation.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Community Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 302 of 1104 | 38 of 122 |
| Fund acquisition rating | | 775 of 1105 | 76 of 122 |
| Resource allocation rating | | 135 of 1105 | 34 of 122 |
| Asset utilization rating | | 331 of 1104 | 31 of 122 |
Financial ratios
| Funding ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 8% | 8% | 8% | 9% | 9% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 5% | 8% | 8% | 9% | 8% | 7% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 92% | 97% | 97% | 97% | 97% | 95% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 8% | 10% | 9% | 9% | 7% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 8% | 3% | 3% | 3% | 3% | 5% |
| Operating ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 87% | 84% | 83% | 86% | 88% |
Spending ratio Spending ratio = Total expenses / Total revenue | 97% | 101% | 82% | 95% | 92% | 102% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 87% | 69% | 79% | 79% | 90% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 3% | -1% | 18% | 5% | 8% | -2% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | -1% | 22% | 6% | 15% | -3% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 5% | 6% | 8% | 5% | 6% |
| Investing ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.84 | 1.43 | 1.03 | 1.14 | 1.70 | 1.63 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.76 | 1.01 | 1.01 | 1.01 | 1.01 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.77 | 1.44 | 1.04 | 1.15 | 1.72 | 1.65 |
| Liquidity ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.67 | 101.15 | 191.71 | 127.98 | 56.17 | 55.54 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.08 | 8.27 | 11.50 | 10.32 | 6.87 | 7.16 |
| Solvency ratios | Sector median | 2022 | 2021 | 2020 | 2019 | 2018 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 10% | 1% | 1% | 1% | 2% | 2% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 101% | 69% | 96% | 87% | 58% | 60% |
Financials
| Balance sheet | |||||
| Assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Cash | $3,002,451 | $3,131,717 | $2,275,757 | $2,008,904 | $1,584,473 |
| Receivables, inventories, prepaids | $92,987 | $181,834 | $48,436 | $64,577 | $61,451 |
| Short-term investments | $786,511 | $650,282 | $780,581 | $863,379 | $837,952 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,881,949 | $3,963,833 | $3,104,774 | $2,936,860 | $2,483,876 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $15,855 | $11,067 | $15,096 | $24,075 | $20,897 |
| Other long-term assets | $10,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Total long-term assets | $25,855 | $21,067 | $25,096 | $34,075 | $30,897 |
| Total assets | $3,907,804 | $3,984,900 | $3,129,870 | $2,970,935 | $2,514,773 |
| Liabilities | 2022 | 2021 | 2020 | 2019 | 2018 |
| Payables and accrued expenses | $38,378 | $20,676 | $24,259 | $52,285 | $44,726 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $38,378 | $20,676 | $24,259 | $52,285 | $44,726 |
| Debt | $0 | $0 | $0 | $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 | $0 | $0 | $0 |
| Total liabilities | $38,378 | $20,676 | $24,259 | $52,285 | $44,726 |
| Net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Without donor restrictions | $3,709,530 | $3,599,216 | $2,746,540 | $2,355,647 | $2,223,124 |
| With donor restrictions | $159,896 | $365,008 | $359,071 | $563,003 | $246,923 |
| Net assets | $3,869,426 | $3,964,224 | $3,105,611 | $2,918,650 | $2,470,047 |
| Revenues and expenses | |||||
| Revenue | 2022 | 2021 | 2020 | 2019 | 2018 |
| Total contributions | $5,337,380 | $4,851,252 | $3,634,294 | $5,319,044 | $3,822,945 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $36,936 | $20,429 | $19,674 | $51,807 | $20,850 |
| Other revenue | $155,055 | $119,768 | $101,149 | $92,907 | $169,643 |
| Total other revenue | $191,991 | $140,197 | $120,823 | $144,714 | $190,493 |
| Total revenue | $5,529,371 | $4,991,449 | $3,755,117 | $5,463,758 | $4,013,438 |
| Expenses | 2022 | 2021 | 2020 | 2019 | 2018 |
| Program services | $4,837,083 | $3,452,680 | $2,974,954 | $4,342,933 | $3,593,177 |
| Management and general | $304,597 | $265,276 | $280,451 | $241,367 | $225,002 |
| Fundraising | $433,430 | $395,963 | $327,390 | $455,606 | $269,282 |
| Total expenses | $5,575,110 | $4,113,919 | $3,582,795 | $5,039,906 | $4,087,461 |
| Change in net assets | 2022 | 2021 | 2020 | 2019 | 2018 |
| Surplus (deficit) | ($45,739) | $877,530 | $172,322 | $423,852 | ($74,023) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($45,739) | $877,530 | $172,322 | $423,852 | ($74,023) |
Compensation
| Name | Title | Compensation |
| Josh Taylor | President | $198,508 |
| Kimberly Trichel | Director of Operations | $128,637 |
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 5/9/2023. To update the information below, please email: [email protected]