Operation Hope Inc in Los Angeles, California (CA)

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Operation Hope Inc
Employer Identification Number (EIN)954378084
Name of OrganizationOperation Hope Inc
In Care of NameAnn Abbott
Address707 Wilshire Blvd Ste 3030, Los Angeles, CA 90017-3582
ActivitiesBoy Scouts, Girl Scouts, etc.
SubsectionCharitable Organization
Ruling Date02/1993
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$5,000,000 to $9,999,999
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$9,084,110
Amount of Income$12,149,451
Form 990 Revenue Amount$12,149,451
National Taxonomy of Exempt Entities (NTEE)Unknown: Unknown


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$7,035,202
Contributions, Gifts, Grants and Other Similar Amounts$7,000,314
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$-1,265
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$36,153
Statement of Functional Expenses (for 2012)
Total functional expenses$10,393,781
Compensation of current officers, directors, trustees, and key employees$1,167,239
Other salaries and wages$4,441,764
Payroll taxes$416,070
Professional fundraising services$0
Other$4,368,708
Balance Sheet (for 2012)
Total assets$8,928,886
Total liabilities$1,958,728
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$859,954
Unsecured notes and loans payable to unrelated third parties$0
Other$1,098,774
Total net assets or fund balances$6,970,158
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$48,729,169
Gifts, grants, contributions, and membership fees received$48,681,080
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$48,089
Gross receipts from related activities, etc.$0
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