HOPE FAITH MINISTRIES INC
Mission Statement
Hope Faith, with its mission pillars of Care, Rest, and Work, is the only low-barrier Homelessness Assistance Campus in Greater Kansas City. Founded in 2004, Hope Faith's fundamental principle is to bring self-sufficiency back to our homeless guests through mental, emotional, and other assistance. We serve all people without hesitation or reservation, guided by our values of providing Care, Rest, and Work. Hope Faith-Homeless Assistance Campus works to alleviate homelessness and poverty in Kansas City, Missouri, by providing basic necessities and assistance and critical services and programs to empower individuals experiencing homelessness and at-risk individuals to become self-sufficient and independent.
Financial Overview — FY 2024
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
79.0% | 85.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
12.9% | 11.4% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
8.1% | 0.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
20.9 mo | 8.5 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
7.1% | 14.7% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 93.3% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
17.6% | 7.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
8.6% | 10.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.9% | 2.0% |
P10P90
|
Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Gained resources to move forward | 4,692 | $10.00 | — | Per Day |
| Number of meals fed. To relieve hunger in our city. | 116,355 | $2.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.1M | N/A | N/A | — | 48 |
| 2023 | $2.2M | $2.0M | $3.6M | 79.0% | 71 |
| 2022 | $1.8M | $1.9M | $3.4M | 78.1% | 40 |
| 2021 | $3.3M | $3.5M | N/A | — | 63 |
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