May 06 2015
Operation HOPE Reports Program Results, Highlighting 23 Years of Service to Underserved Communities
Recent riots in Ferguson and Baltimore reinforce the need for financial dignity, literacy and empowerment to build better communities
LOS ANGELES—May 5, 2015 – Celebrating 23 years of empowering the underserved, financial dignity nonprofit Operation HOPE (HOPE) issued today a program report card, detailing the 2.5 million individuals served to date, its newly acquired 4-star charity rating, its impact on communities for 2014 and programs to date.
The report card also reflects the growing impact of Project 5117, HOPE’s initiative to quell civil unrest by providing alternative solutions to social disenfranchisement and Founder, Chairman and CEO John Hope Bryant’s blueprint for revitalizing communities.
Project 5117, includes cutting edge financial empowerment programs HOPE Business In A Box Academies, B- Business Compact, HOPE Inside and HOPE Inside Certified Plus. With more than 100 commitments to open new community empowerment offices across America, HOPE Inside is quickly becoming the fastest growing program in the HOPE suite of services. The initiative is successfully being implemented on the ground throughout the U.S. as best practices for federal agencies. In 2015 HOPE plans to launch internationally.
With 80.22% of every dollar donated going directly to programs, HOPE was recognized by Charity Navigator, the nation's largest and most-utilized evaluator of charities, as a highest rated 4-star nonprofit. Sound fiscal management practices and commitment to accountability and transparency earned HOPE the top distinction.
The report-outs for 2014 Annual Report Card include following:
The HOPE Inside delivery model for adult financial literacy programming expanded in 2014 with a total of 22 new locations, and over 40 more locations committed to be opened in 2015. Through the HOPE Inside model HOPE served 29,292 adults, providing financial literacy counseling at locations in Georgia, New York, Tennessee, Alabama, California, Florida and Washington DC. Additionally, 8,059 homeowners received foreclosure prevention counseling.
In 2014, HOPE programs for student entrepreneurs, small business development, homeownership, credit counseling and youth empowerment reached a combined 115,590 individuals, bringing HOPE to a total of 2.5 million people reached, program to date.
Youth Empowerment reached more than 70,300 youth through Banking on Our Future and 1,139 students participating in HOPE Business In A Box Academies in 2014. To date, 880,000 youth in over 3,176 schools and community based organizations in the U.S., South Africa, Saudi Arabia and the UAE have been reached program to date.
HOPE Coalition America (HCA) continues to provide emergency economic disaster response and recovery services to those in need. HCA responded to the southern storms in Alabama, Mississippi, Colorado and Arkansas, as well as the earthquake in Napa, California and provides continued support for those impacted by Superstorm Sandy. In 2014, HCA provided disaster services to a total of 8,021 total small business clients served providing 10,927 business recovery services, since program inception in 2001, HCA has helped 800,000 individuals and small businesses rebuild.
2015 HOPE Global Forum Annual Meeting in January, HOPE hosted its third annual meeting in Atlanta, Georgia. The 2015 HOPE Global Forum featured President Bill Clinton, HUD Secretary Julián Castro, CFPB Director Richard Cordray, AOL Founder Steve Case and 3,000 other global leaders from more than 40 countries to discuss sustainable solutions to the world’s most pressing economic challenges.
Most notably, Operation HOPE Founder John Hope Bryant’s business bestseller and blueprint for the organization, How The Poor Can Save Capitalism: Rebuilding the Path to the Middle Class, was named the Best Business Book for 2014 with strategy+business and 800CEOREAD, it also received the coveted honor of Essence Magazine’s 10 Best Books for 2014. The book details HOPE’s plan for liberating underserved communities like Ferguson and Baltimore, through financial dignity and free enterprise.
About Operation HOPE, Inc.
Founded in 1992 and headquartered in Los Angeles, Operation HOPE is rated a 4-star charity by Charity Navigator. A global nonprofit focused on financial dignity, HOPE has empowered more than 2.5 million individuals and directed more than $1.8 billion in private capital to America’s low-wealth communities. Currently, HOPE is focused on Project 5117, a multi-year initiative that will track and increase business role models for youth, boost credit scores for adults, and empower underserved communities. To learn more about Operation HOPE, visit www.operationhope.org.