Operation HOPEs mission is to expand economic opportunity in underserved communities through financial education and empowerment by offering programs that create stabilized communities and financial stakeholders.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5.0M a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $75K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$8.8M
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$38.4M
-15% vs prior year
Spent
$36.1M
To programs
82%
Net assets
$36.6M
By yearFY2020–FY2025
Revenue
$38.4M
FY2022▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$26.0M
FY2021$45.4M
FY2022$38.4M
FY2023$37.6M
FY2024$57.4M
FY2025$32.1M
Expenses
$36.1M
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.3M
FY2021$26.0M
FY2022$36.1M
FY2023$39.7M
FY2024$42.3M
FY2025$43.7M
Net assets
$36.6M
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$15.5M
FY2021$35.0M
FY2022$36.6M
FY2023$34.5M
FY2024$49.5M
FY2025$38.0M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1993.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $29.7M Management & general 12% · $4.3M Fundraising 6% · $2.1M

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

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Who runs it and what they're paid

24 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman/CEO
$633,555Pt VII · Sec A
President/CFO
$461,747Pt VII · Sec A
Sevp/Cao
$375,941Pt VII · Sec A
EVP, Chief Advocacy Officer
$285,880Pt VII · Sec A
EVP, Programs
$279,503Pt VII · Sec A
EVP, Partnership
$276,898Pt VII · Sec A
EVP, Chief Innovation Officer
$222,759Pt VII · Sec A
SVP, Government Affairs
$211,214Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Bryant$774,442$694,271$662,145$633,555$559,947$798,604
Brian Betts$466,956$404,395$356,008$461,747$335,421$283,852
Rachael Doff—$301,272$273,711$375,941$277,003$247,632
Rachel Doff$319,290—————
Kevin Boucher$270,058$262,292$240,819$285,880$183,416$161,229
Lance Triggs$270,914$253,292$222,835$279,503$210,977$197,261
Mary Hagerty—$220,388$208,579$276,898$213,397$190,133
Jennifer Wolford$242,948$232,222$218,892$222,759$183,527—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Operation Hope INC 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 15aYes

Programs and updates

Empowers low-income individuals and youth with skills and resources to overcome poverty and achieve inclusion.

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Provided by the organization

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3 programs · $26.1M · in their own filed words · FY2022
01

Adult HOPE Inside gives clients the resources to improve their financial situations. Through our 700-credit score initiative, we approve clients as soon as they seek assistance, commit to the resolution of primary credit denial factors, and raised FICO scores an average of 42 points.

$21.7Mprogram expense
02

1MBB HOPEs 1 Million Black Businesses initiative (1MBB) provides the black community a successful path to wealth creation through sustainable and profitable business ownership. 1MBB participants can take advantage of coaching and educational services, access to expert volunteers and more.

$2.3Mprogram expense
03

Disaster HOPE is a national partner of FEMA, addressing financial disaster preparedness, response, and recovery. Other disaster partners include the American Red Cross, the Economic Development Administration (EDA), corporations, and other volunteer organizations.

$2.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$75K
Grants paid · 20 grants · $8.4M · 2020–2025
Unitemized GrantFY2025$862,518
Unitemized GrantFY2025$149,657
Unitemized GrantFY2025$46,238
Unitemized GrantFY2024$866,558
Unitemized GrantFY2024$312,771
Unitemized GrantFY2024$9,899
Unitemized GrantFY2023$668,531
Unitemized GrantFY2023$512,906
Unitemized GrantFY2023$4,876
Unitemized GrantFY2022$874,212
Unitemized GrantFY2022$352,025
Unitemized GrantFY2022$205,492
Morgan State UniversityFY2022$35,985
Unitemized GrantFY2021$1,511,963
Unitemized GrantFY2021$243,692
Unitemized GrantFY2021$37,559
Morgan State UniversityFY2021$23,802
Unitemized GrantFY2020$1,538,632
See all 20 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$38.4M
Ln 12
Gifts and grantsLn 1h$38.3M
Investment incomeLn 3$53K
Other incomeLn 4–11$11K
Money outPt IX
$36.1M
Ln 25
Programscol B$29.7M
Managementcol C$4.3M
Fundraisingcol D$2.1M
Owns and owesPt X
$36.6M
net assets · Ln 32
Cash and savingsLn 1–2$4.6M
Total assetsLn 16$45.4M
LiabilitiesLn 26$8.8M
PeoplePt VI, VII
24
listed · VII A
PaidVII A14
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$38.3M
Government grantsLn 1e$7.4M
Noncash giftsLn 1g$2.3M
Investment incomeLn 3$53K
Other incomeLn 4–11$11K
Gains on assetsLn 7$0
Total revenueLn 12$38.4M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$4.6M
InvestmentsLn 11–13$2.0M
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$1.9M
Total assetsLn 16$45.4M
LiabilitiesLn 26$8.8M
Net assetsLn 32$36.6M
OperationsPt I, VI
EmployeesI 5465
VolunteersI 62,261
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$11.8M$4.6M
InvestmentsLn 11–13$334K$2.0M
Land, buildings, equipmentLn 10c$2.2M$4.0M
Total assetsLn 16$42.5M$45.4M
LiabilitiesLn 26$7.5M$8.8M
Net assetsLn 32$35.0M$36.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$36K$36K
Grants to domestic individualsLn 2$1.4M$1.4M
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$3.7M$2.1M$796K$793K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$15.8M$14.0M$1.2M$578K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1.8M$1.4M$266K$96K
Payroll taxesLn 10$1.4M$1.2M$141K$65K
Management feesLn 11a$0
Legal feesLn 11b$57K$57K
Accounting feesLn 11c$66K$66K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5.5M$4.5M$888K$152K
Advertising and promotionLn 12$349K$221K$94K$34K
Office expensesLn 13$650K$474K$88K$88K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$369K$226K$142K
TravelLn 17$580K$348K$56K$177K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1.3M$1.3M$26K
InterestLn 20$161K$161K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$673K$617K$39K$16K
InsuranceLn 23$276K$212K$44K$20K
Other expenses (24a–d)Ln 24$1.9M$1.7M$210K$45K
All other expensesLn 24e$61K$48K$10K$3K
Total functional expensesLn 25$36.1M$29.7M$4.3M$2.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $32.1M$43.7M−$11.5M$38.0M 990 PDF
FY2024 $57.4M$42.3M$15.1M$49.5M 990 PDF
FY2023 $37.6M$39.7M−$2.0M$34.5M 990 PDF
FY2022 Viewing $38.4M$36.1M$2.3M$36.6M 990 PDF
FY2021 $45.4M$26.0M$19.5M$35.0M 990 PDF
FY2020 $26.0M$19.3M$6.7M$15.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $38,394,389 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $45,433,407$38,330,680
I-9 Program service revenue$0
I-10 Investment incomePrior year −$7,810$52,909
I-11 Other revenuePrior year $2,142$10,800
I-12 Total revenuePrior year $45,427,739$38,394,389
I-13 Grants and similar amounts paidPrior year $1,817,016$1,467,714
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $18,111,421$22,633,701
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,028,047$11,980,399
I-18 Total expensesPrior year $25,956,484$36,081,814
I-19 Revenue less expensesPrior year $19,471,255$2,312,575
Part VI · Governance 10 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $38,394,389 across 10 lines filed
VIII-1e Government grants$7,383,667
VIII-1f All other contributions, gifts and grants$30,947,013
VIII-1g Noncash contributions (included above)$2,273,980
VIII-1h Total contributions, gifts and grants$38,330,680
VIII-3 Investment incomeExcluded from tax $52,909$52,909
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $10,800$10,800
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $63,709$38,394,389
Part IX · Statement of functional expenses $36,081,814 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $35,985$35,985
IX-2 Grants to domestic individualsPrograms $1,431,729$1,431,729
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $2,139,761 · Management $796,356 · Fundraising $793,393$3,729,510
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $13,977,277 · Management $1,200,058 · Fundraising $578,414$15,755,749
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $1,402,924 · Management $266,478 · Fundraising $95,606$1,765,008
IX-10 Payroll taxesPrograms $1,177,527 · Management $140,765 · Fundraising $65,142$1,383,434
IX-11a Management fees$0
IX-11b Legal feesManagement $56,936$56,936
IX-11c Accounting feesManagement $65,700$65,700
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $4,460,450 · Management $887,986 · Fundraising $152,105$5,500,541
IX-12 Advertising and promotionPrograms $220,727 · Management $93,735 · Fundraising $34,300$348,762
IX-13 Office expensesPrograms $473,692 · Management $87,836 · Fundraising $88,249$649,777
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $226,303 · Management $142,312$368,615
IX-17 TravelPrograms $347,704 · Management $56,120 · Fundraising $176,645$580,469
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,264,953 · Fundraising $26,465$1,291,418
IX-20 InterestManagement $161,141$161,141
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $617,484 · Management $39,265 · Fundraising $16,380$673,129
IX-23 InsurancePrograms $212,059 · Management $43,568 · Fundraising $20,489$276,116
IX-24 Other expenses (24a–d)Programs $1,691,844 · Management $210,325 · Fundraising $44,645$1,946,814
IX-24e All other expensesPrograms $48,319 · Management $9,760 · Fundraising $2,902$60,981
IX-25 Total functional expensesPrograms $29,728,738 · Management $4,258,341 · Fundraising $2,094,735$36,081,814
Part X · Balance sheet $45,411,250 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $2,324,675$3,014,159
X-2 Savings and temporary cash investmentsStart of year $9,465,561$1,586,286
X-3 Pledges and grants receivableStart of year $27,990,096$32,656,929
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $170,612$196,166
X-10c Land, buildings and equipment, netStart of year $2,204,693$4,008,918
X-11 Publicly traded securitiesStart of year $333,603$2,047,917
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $24,621$1,900,875
X-16 Total assetsStart of year $42,513,861$45,411,250
X-17 Accounts payable and accrued expensesStart of year $3,219,410$4,194,680
X-24 Unsecured notes and loans payableStart of year $3,950,793$2,702,371
X-25 Other liabilities$1,943,794
X-26 Total liabilitiesStart of year $7,522,773$8,840,845
X-27 Net assets without donor restrictionsStart of year −$1,121,776−$777,074
X-28 Net assets with donor restrictionsStart of year $36,112,864$37,347,479
X-32 Total net assets or fund balancesStart of year $34,991,088$36,570,405
X-33 Total liabilities and net assetsStart of year $42,513,861$45,411,250
Part XI · Reconciliation of net assets $36,570,405 net assets at year end
XI-1 Total revenue$38,394,389
XI-2 Total expenses$36,081,814
XI-3 Revenue less expenses$2,312,575
XI-4 Net assets at start of year$34,991,088
XI-5 Net unrealized gains (losses) on investments−$132,012
XI-9 Other changes in net assets−$601,246
XI-10 Net assets at end of year$36,570,405

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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