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Installation of solar pannels as an alternative for better energy provider

Finances

At Home of Hope Ministries, we take finances very seriously. We see ourselves a stewards entrusted with managing resources to maximize each dollar you donate for the benefit of the children. A dollar spent one place is not available in another. This means, we have to treat every decision & tradeoff of the donations we receive with careful consideration to maximize the short-term and long-term impact its can make. How much should go directly to practical daily needs? How much should be put towards expanding space as more children arrive and more staff are needed? How much should be invested in marketing to increase resources longer-term? How can we reduce our non-profit’s base operating costs? Etc.

All work done by the board is on a voluntary basis. Of the donations given to Home of Hope Ministries, about 90% is given directly to our program work at Home of Hope Uganda. Overhead costs include marketing, bank fees, postage, events, etc.

Costs at Home Of Hope

Here are a few facts about the cost of care at Home of Hope (per the 2018 financial audit of Home of Hope Uganda):

The monthly expenses per child at Home of Hope are about $62

The monthly expenses per child at Home of Hope are about $62

The average annual food expense per child is about $165

The average annual food expense per child is about $165

The average annual medical expense per child is about $80

The average annual medical expense per child is about $80

Financial Reports History

We use these reports to share & discuss the finances of Home of Hope Ministries at our board meetings. We’re happy to share them with you as well.

Tax & Other Public Resources