Operation Hope INC FY2023 filing

Tax-deductible

Atlanta, GA501(c)(3)Since 1992UnclassifiedEIN 95-4378084

This page gets seen. Tell your story. Claim this org.

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.
80¢ of each $1 spent went to programs.
$3.4M 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

FY2023 · 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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.4M
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 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
$7.3M
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$37.6M
-2% vs prior year
Spent
$39.7M
To programs
80%
Net assets
$34.5M
By yearFY2020–FY2025
Revenue
$37.6M
FY2023▼ -2%
Revenue by fiscal year
FY2020$26.0M
FY2021$45.4M
FY2022$38.4M
FY2023$37.6M
FY2024$57.4M
FY2025$32.1M
Expenses
$39.7M
FY2023▲ +10%
Expenses by fiscal year
FY2020$19.3M
FY2021$26.0M
FY2022$36.1M
FY2023$39.7M
FY2024$42.3M
FY2025$43.7M
Net assets
$34.5M
FY2023▼ -6%
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

80 cents of each dollar spent went to programs.

Program services 80% · $31.6M Management & general 13% · $5.3M Fundraising 7% · $2.8M

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

24 people listed on the 990; $3.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman/CEO
$662,145Pt VII · Sec A
President/CFO
$356,008Pt VII · Sec A
Sevp/Cao
$273,711Pt VII · Sec A
EVP, Chief Comm. & Strat Officer
$240,819Pt VII · Sec A
EVP, Programs
$222,835Pt VII · Sec A
EVP, Chief Innovation Officer
$218,892Pt VII · Sec A
EVP, Partnership
$208,579Pt VII · Sec A
SVP, Chief Development Officer
$182,380Pt 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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $29.2M · in their own filed words · FY2023
01

Hope Inside

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 41 points.

$24.6Mprogram expense
02

Youth HOPEs Banking on our Future (BOOF) program has operated in 304 U.S. cities and 3 provinces in South Africa and has educated over 1 million youth. The program is the recipient of the 11th John Sherman Award for Financial Education given by the US Treasury Department.

$3.0Mprogram expense
03

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.

$1.5Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$37.6M
Ln 12
Gifts and grantsLn 1h$37.1M
Investment incomeLn 3$587K
Other incomeLn 4–11$3K
Money outPt IX
$39.7M
Ln 25
Programscol B$31.6M
Managementcol C$5.3M
Fundraisingcol D$2.8M
Owns and owesPt X
$34.5M
net assets · Ln 32
Cash and savingsLn 1–2$7.3M
Total assetsLn 16$41.7M
LiabilitiesLn 26$7.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A15
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$37.1M
Government grantsLn 1e$4.4M
Noncash giftsLn 1g$58K
Investment incomeLn 3$587K
Other incomeLn 4–11$3K
Gains on assetsLn 7−$4K
Total revenueLn 12$37.6M
Assets in detailPt X, end of year
CashLn 1$2.1M
SavingsLn 2$5.3M
Cash and savings togetherLn 1–2$7.3M
InvestmentsLn 11–13$1.4M
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$1.7M
Total assetsLn 16$41.7M
LiabilitiesLn 26$7.3M
Net assetsLn 32$34.5M
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 FY23End FY23
Cash and savingsLn 1–2$4.6M$7.3M
InvestmentsLn 11–13$2.0M$1.4M
Land, buildings, equipmentLn 10c$4.0M$3.5M
Total assetsLn 16$45.4M$41.7M
LiabilitiesLn 26$8.8M$7.3M
Net assetsLn 32$36.6M$34.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$1.2M$1.2M
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$3.5M$1.9M$870K$776K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$21.5M$18.8M$1.8M$882K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$2.2M$1.8M$226K$183K
Payroll taxesLn 10$1.8M$1.5M$212K$168K
Management feesLn 11a$0
Legal feesLn 11b$691K$691K
Accounting feesLn 11c$75K$75K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2.9M$2.1M$580K$212K
Advertising and promotionLn 12$328K$219K$96K$13K
Office expensesLn 13$1.3M$980K$185K$118K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$426K$224K$150K$52K
TravelLn 17$903K$530K$45K$329K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1.1M$1.1M
InterestLn 20$118K$118K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$812K$728K$73K$12K
InsuranceLn 23$308K$239K$49K$21K
Other expenses (24a–d)Ln 24$444K$331K$96K$17K
All other expensesLn 24e$0
Total functional expensesLn 25$39.7M$31.6M$5.3M$2.8M

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 Viewing $37.6M$39.7M−$2.0M$34.5M 990 PDF
FY2022 $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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $37,644,362 across 10 lines filed
VIII-1e Government grants$4,363,952
VIII-1f All other contributions, gifts and grants$32,690,603
VIII-1g Noncash contributions (included above)$57,781
VIII-1h Total contributions, gifts and grants$37,054,555
VIII-3 Investment incomeExcluded from tax $590,773$590,773
VIII-5 Royalties$0
VIII-6 Net rental income or lossExcluded from tax $2,700$2,700
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,666−$3,666
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $589,807$37,644,362
Part IX · Statement of functional expenses $39,667,286 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $1,186,313$1,186,313
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 $1,861,651 · Management $869,573 · Fundraising $776,255$3,507,479
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $18,823,558 · Management $1,793,058 · Fundraising $882,279$21,498,895
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $1,820,510 · Management $226,491 · Fundraising $182,864$2,229,865
IX-10 Payroll taxesPrograms $1,467,068 · Management $212,185 · Fundraising $168,052$1,847,305
IX-11a Management fees$0
IX-11b Legal feesManagement $690,715$690,715
IX-11c Accounting feesManagement $74,762$74,762
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,116,055 · Management $580,484 · Fundraising $212,252$2,908,791
IX-12 Advertising and promotionPrograms $219,144 · Management $96,017 · Fundraising $13,000$328,161
IX-13 Office expensesPrograms $979,971 · Management $184,581 · Fundraising $118,414$1,282,966
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $223,860 · Management $150,141 · Fundraising $52,353$426,354
IX-17 TravelPrograms $529,999 · Management $44,687 · Fundraising $328,616$903,302
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $1,100,508$1,100,508
IX-20 InterestManagement $117,799$117,799
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $727,501 · Management $72,969 · Fundraising $11,524$811,994
IX-23 InsurancePrograms $238,509 · Management $48,501 · Fundraising $21,440$308,450
IX-24 Other expenses (24a–d)Programs $330,833 · Management $96,177 · Fundraising $16,617$443,627
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $31,625,480 · Management $5,258,140 · Fundraising $2,783,666$39,667,286
Part X · Balance sheet $41,731,591 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $3,014,159$2,068,683
X-2 Savings and temporary cash investmentsStart of year $1,586,286$5,255,037
X-3 Pledges and grants receivableStart of year $32,656,929$27,589,883
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $196,166$233,365
X-10c Land, buildings and equipment, netStart of year $4,008,918$3,530,288
X-11 Publicly traded securitiesStart of year $2,047,917$1,392,478
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,900,875$1,661,857
X-16 Total assetsStart of year $45,411,250$41,731,591
X-17 Accounts payable and accrued expensesStart of year $4,194,680$3,718,094
X-24 Unsecured notes and loans payableStart of year $2,702,371$1,801,016
X-25 Other liabilitiesStart of year $1,943,794$1,736,307
X-26 Total liabilitiesStart of year $8,840,845$7,255,417
X-27 Net assets without donor restrictionsStart of year −$777,074−$5,912,734
X-28 Net assets with donor restrictionsStart of year $37,347,479$40,388,908
X-32 Total net assets or fund balancesStart of year $36,570,405$34,476,174
X-33 Total liabilities and net assetsStart of year $45,411,250$41,731,591
Part XI · Reconciliation of net assets $34,476,174 net assets at year end
XI-1 Total revenue$37,644,362
XI-2 Total expenses$39,667,286
XI-3 Revenue less expenses−$2,022,924
XI-4 Net assets at start of year$36,570,405
XI-5 Net unrealized gains (losses) on investments$113,693
XI-9 Other changes in net assets−$185,000
XI-10 Net assets at end of year$34,476,174

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.