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Building Hope Impact Fund Inc

EIN 88-2703870 · Washington, DC

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak20 out of 100GovernanceGood75 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

SUPPORTING THE DEVELOPMENT AND SUCCESSFUL OPERATION OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS ACROSS THE NATION (CHARTER, PRIVATE AND OTHER GRADE SCHOOLS, MICROSCHOOLS, COLLEGES, AND UNIVERSITIES); INCLUDING TO CONNECT, COLLABORATE, AND CELEBRATE EDUCATION.

Income
$293,477
Spending
$989,685
Spent on programs
100%
Reserves
-13.8 months of spending
Largest source of income
donations and private grants, 92%
Employees
0
Volunteers
0
Highest pay
$763,870, director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 20 out of 100. Higher than 2% of charities in its peer group (education, $250k to $1m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    0 of 20

    It owes 1155% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 237% of income.

  • Income trend

    5 of 15

    Income fell 10% on the year before.

  • Spending floor

    15 of 15

    99% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 75 out of 100. Higher than 57% of charities in its peer group (education, $250k to $1m).

  • Independent board

    5 of 25

    0 of 4 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $984,242 spent. BUILDING HOPE SUPPORTED THE DEVELOPMENT AND SUCCESSFUL OPERATION OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS ACROSS THE NATION, INCLUDING CHARTER, PRIVATE AND OTHER GRADE SCHOOLS, MICROSCHOOLS, COLLEGES, AND UNIVERSITIES, WITH A PARTICULAR FOCUS ON REGIONS INHABITED BY LOW-INCOME, MINORITY, OR OTHER HISTORICALLY DISADVANTAGED GROUPS, BY (A) PROVIDING GRANTS, PROGRAM RELATED INVESTMENTS, AND CREDIT ENHANCEMENTS/GUARANTEES TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS; (B) HELPING SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS THROUGH THE MANAGEMENT AND DEPLOYMENT OF GRANT PROGRAMS, PROGRAM-RELATED INVESTMENTS FROM PHILANTHROPIC ORGANIZATIONS, AND SUPPORT FROM OTHER FUNDERS, INCLUDING STATE AND FEDERAL PROGRAMS; (C) MANAGING REVOLVING LOAN FUNDS ON BEHALF OF SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS, LOCAL COMMUNITY DEVELOPMENT ORGANIZATIONS, PHILANTHROPY, AND GOVERNMENTAL ENTITIES; (D) HELPING SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS WITH BACK-OFFICE ACCOUNTING, PAYROLL AND HUMAN RESOURCE SUPPORT, AND OTHER OPERATIONAL SERVICES, ALONG WITH SITE SELECTION, BUILDING DESIGN, LEASE/PURCHASE NEGOTIATIONS, FINANCIAL CONSULTATION, CONSTRUCTION MANAGEMENT, TO HELP THEM DEVELOP, BUILD, OPERATE, AND MAINTAIN THEIR SCHOOL FACILITIES; (E) CONDUCTING PROGRAMS AND PERFORMING OUTREACH TO IMPROVE ACADEMIC ACHIEVEMENT, STIMULATE ECONOMIC DEVELOPMENT, PROMOTE CAREER EXPLORATION AND IMPROVE ACCESS TO HIGHER EDUCATION FOR STUDENTS AT THE SCHOOLS; (F) SUPPORTING SCHOOL LEADERS FROM ACROSS THE NATION TO CONNECT, COLLABORATE, AND CELEBRATE EDUCATION; AND (F) ACQUIRING, FINANCING, DEVELOPING, CONSTRUCTING, AND/OR LEASING FACILITIES FOR/TO SCHOOLS AND OTHER EDUCATIONAL ORGANIZATIONS, FOR ACADEMIC AND ADMINISTRATIVE PURPOSES, AS WELL AS COMMUNITY DEVELOPMENT FACILITIES AND ORGANIZATIONS (INCLUDING AFFORDABLE HOUSING, MEDICAL CENTERS, COMMUNITY CENTERS, STUDENT HOUSING, WORKFORCE LOW-INCOME HOUSING, TRAINING AND CERTIFICATION ORGANIZATIONS, ALL IN FURTHERANCE OF SECTION 501(C)(3) CHARITABLE PURPOSES, INCLUDING TO ADVANCE EDUCATION, STIMULATE REGIONAL ECONOMIC DEVELOPMENT, LESSEN THE BURDENS OF GOVERNMENT, RELIEVE POVERTY, ELIMINATE PREJUDICE, REDUCE NEIGHBORHOOD TENSION, AND COMBAT COMMUNITY DETERIORATION.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2023.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.