EIGHT DAYS OF HOPE INC
Mission Statement
Eight Days of Hope is a Christian, nonprofit organization that exists to love and serve those in need. Our commitment to those we serve is to use the resources that God has blessed us with to bring hope and healing. Our commitment to churches is to partner with the local body of believers to meet the community’s spiritual needs. Our commitment to communities is to work with local businesses and local governments to meet the community’s physical needs. Our commitment to volunteers is to provide them an opportunity to use their skills and talents to glorify God. Our commitment to donors is to use the resources they give to the fullest potential for the greatest good among those in need.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.5% | 86.9% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.7% | 10.8% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.8% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.2 mo | 12.7 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.1% | 40.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.6% | 90.4% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
-38.2% | 5.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-34.5% | 7.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.1% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $7.3M | $7.0M | $11.7M | 72.5% | 15 |
| 2022 | $11.9M | $10.6M | $11.2M | 98.1% | 11 |
| 2021 | $14.4M | $5.0M | N/A | — | 7 |
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