Sometimes all we need is just a chance to get ahead so we can stand on our feet again. Hour for Other is a nonprofit group that devotes the financial value of our donor’s contributions to alleviate burdensome bills and the cost of basic living expenses for individuals in need.
90%
Program Expenses
Hour for Other measures the percent of its operational expenses spent on delivering the program’s services. Using an average total, we divide our functional costs yielding the percentage shown here.
1%
Administrative Expenses
Hour for Other measures the percentage of our total budget spent on administrative costs, staff, and all activities associated with maintaining organizational coherence and transparency. The percentage presented is the average expense over the fiscal year.
9%
Fundraising Expenses
This metric provides insight into the efficacy of our fundraising efforts. Per contributions received, the amount spent to raise $1 is averaged per fiscal year, determining our efficiency rate.
8¢
Fundraising Efficiency
The amount spent to raise $1 in charitable contributions. To calculate a charity’s fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity’s average expenses and average contributions over its three most recent fiscal years.
0.91
Working Capital Ratio
Using our net available assets, we divide them based on the organization’s fiscal average of total expenses, allowing us to determine how long we can sustain our level of expenditures.
19.8%
Program Expenses Growth
Using the following formula, [(Yn/Y0)(1/n)]-1, we calculate the program’s annual growth of expenses. Where Y0 is our program expenses in the first year, Yn is our expenses in the most recent year, and with n as the interval of years passed between Y0 and Yn.
17%
Liabilities to Assets
With transparency being a fundamental principle and others relying on us, we seek to maintain a viable ratio of liabilities to assets to sustain our operation. The percentage here is the total liabilities divided by its total assets.
More Information
| Independent Voting Board Members | Yes |
| No Material diversion of assets | Yes |
| Audited financials prepared by independent accountant | Yes |
| Does Not Provide Loan(s) to or Receive Loan(s) From related parties | Yes |
| Documents Board Meeting Minutes | Yes |
| Form 990 provided to organization’s governing body in advance of filing | Yes |
| Conflict of Interest Policy | Yes |
| Whistleblower Policy | Yes |
| Records Retention and Destruction Policy | Yes |
| CEO and corresponding salary listed | Yes |
| Defined process for determining CEO compensation | Yes |