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Global Hope Incorporated FY2020 filing

Tax-deductible

Anaheim, CA501(c)(3)InternationalEIN 26-3444928

The mission of the organization is to provide assistance to the poor and disaster-stricken and missionary work in developing nations

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $30K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$227K
Spent
$209K
To programs
96%
Net assets
$171K
By yearFY2020–FY2024
Revenue
$227K
FY2020
Revenue by fiscal year
FY2020$227K
FY2021$281K
FY2022$348K
FY2023$334K
FY2024$293K
Expenses
$209K
FY2020
Expenses by fiscal year
FY2020$209K
FY2021$216K
FY2022$420K
FY2023$252K
FY2024$238K
Net assets
$171K
FY2020
Net assets by fiscal year
FY2020$171K
FY2021$235K
FY2022$0
FY2023$246K
FY2024$301K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $200K Management & general 4% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Yong Cho
President
$0Pt VII · Sec A
See Global Hope Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps the poor, disaster victims, and supports missionary work in developing nations.

Provided by the organization

This section is blank until Global Hope Incorporated claims this page.

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3 program services account for $199K of program spending, described in the organization's own filed words · FY2020.
01

Missionary support expense in developing nations

$163Kprogram expense
02

Provide assistance in myanmar for under-priveledged children

$33Kprogram expense
03

Child sponsorship through the hope line program

$4Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
American Online Giving Foundation INCFY2024$16K
Total grants receivedfrom 1 funder$16K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$227K
Ln 12
Gifts and grantsLn 1h$226K
Investment incomeLn 3$167
Money outPt IX
$209K
Ln 25
Programscol B$200K
Managementcol C$9K
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$171K
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Investment incomeLn 3$167
Total revenueLn 12$227K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
Total assetsLn 16$171K
LiabilitiesLn 26$0
Net assetsLn 32$171K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$154K$171K
Total assetsLn 16$154K$171K
LiabilitiesLn 26$0$0
Net assetsLn 32$154K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$200K$200K
Office expensesLn 13$60$0$60$0
Other expenses (24a–d)Ln 24$9K$0$9K$0
Total functional expensesLn 25$209K$200K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $293K$238K$56K$301K 990 PDF
FY2023 $334K$252K$82K$246K 990 PDF
FY2022 $348K$420K−$72K$0 990 PDF
FY2021 $281K$216K$65K$235K 990 PDF
FY2020 Viewing $227K$209K$17K$171K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $226,594 across 4 lines filed
VIII-1f All other contributions, gifts and grants$226,427
VIII-1h Total contributions, gifts and grants$226,427
VIII-3 Investment incomeUnrelated business $167 · Excluded from tax $0$167
VIII-12 Total revenueRelated to mission $0 · Unrelated business $167 · Excluded from tax $0$226,594
Part IX · Statement of functional expenses $209,475 across 3 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $200,075$200,075
IX-13 Office expensesPrograms $0 · Management $60 · Fundraising $0$60
IX-24 Other expenses (24a–d)Programs $0 · Management $9,340 · Fundraising $0$9,340
IX-25 Total functional expensesPrograms $200,075 · Management $9,400 · Fundraising $0$209,475
Part X · Balance sheet $170,833 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $153,714$170,833
X-16 Total assetsStart of year $153,714$170,833
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $153,714$170,833
X-32 Total net assets or fund balancesStart of year $153,714$170,833
X-33 Total liabilities and net assetsStart of year $153,714$170,833
Part XI · Reconciliation of net assets $170,833 net assets at year end
XI-1 Total revenue$226,594
XI-2 Total expenses$209,475
XI-3 Revenue less expenses$17,119
XI-4 Net assets at start of year$153,714
XI-10 Net assets at end of year$170,833

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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