Civic Intelligence

Raising Hope Inc

EIN 37-1460341 • 501(c)3 • Providence, RI

Profile

Home health care and family services to the elderly and individuals with disability and youth development activities

109 Daboll StreetProvidence, RI 02907

www.raisinghopeinc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.1%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$116,093

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

6th percentile

-37%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-4.4%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Down

$340,294

Down $201,186 (-37%) from 2023

Liabilities

Down

$0

Down $27,500 (-100%) from 2023

Net Assets

Down

$340,294

Down $173,686 (-34%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin28th percentile

Revenue

Down

$1,160,503

Down $52,894 (-4.4%) from 2023

Expenses

Up

$1,219,857

Up $24,601 (+2.1%) from 2023

Net Income

Down

-$59,354

Down $77,495 (-427%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $4,276Net Assets 2010: $4,2762010Assets 2012: $4,205Net Assets 2012: $4,2052012Assets 2013: $3,888Net Assets 2013: $3,8882013Assets 2014: $3,144Net Assets 2014: $3,1442014Assets 2015: $2,777Net Assets 2015: $2,7772015Assets 2016: $891Net Assets 2016: $8912016Assets 2017: $9,437Net Assets 2017: $9,4372017Assets 2019: $32,803Liabilities 2019: $6,742Net Assets 2019: $26,0612019Assets 2020: $336,872Liabilities 2020: $152,231Net Assets 2020: $184,6412020Assets 2021: $399,339Liabilities 2021: $55,729Net Assets 2021: $343,6102021Assets 2022: $746,044Liabilities 2022: $60,154Net Assets 2022: $685,8902022Assets 2023: $541,480Liabilities 2023: $27,500Net Assets 2023: $513,9802023Assets 2024: $340,294Liabilities 2024: $0Net Assets 2024: $340,2942024

Highlighted filing

2024

Assets$340,294
Liabilities$0
Net Assets$340,294
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $44,922Expenses 2010: $43,770Net Income 2010: $1,1522010Revenue 2012: $12,829Expenses 2012: $17,016Net Income 2012: -$4,1872012Revenue 2013: $5,000Expenses 2013: $5,317Net Income 2013: -$3172013Revenue 2014: $5,000Expenses 2014: $5,320Net Income 2014: -$3202014Revenue 2015: $8,485Expenses 2015: $7,344Net Income 2015: $1,1412015Revenue 2016: $13,950Expenses 2016: $13,329Net Income 2016: $6212016Revenue 2017: $16,375Expenses 2017: $7,829Net Income 2017: $8,5462017Revenue 2019: $479,442Expenses 2019: $461,438Net Income 2019: $18,0042019Revenue 2020: $826,865Expenses 2020: $668,285Net Income 2020: $158,5802020Revenue 2021: $898,696Expenses 2021: $743,299Net Income 2021: $155,3972021Revenue 2022: $1,311,261Expenses 2022: $968,981Net Income 2022: $342,2802022Revenue 2023: $1,213,397Expenses 2023: $1,195,256Net Income 2023: $18,1412023Revenue 2024: $1,160,503Expenses 2024: $1,219,857Net Income 2024: -$59,3542024

Highlighted filing

2024

Revenue$1,160,503
Expenses$1,219,857
Net Income-$59,354
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$340,294
Liabilities
$0
Net assets
$340,294
Revenue
$1,160,503
Expenses
$1,219,857
Net income
-$59,354
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$1.16$1.22$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$1.21$1.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.06$0.69$1.31$0.97$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.06$0.34$0.90$0.74$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.15$0.18$0.83$0.67$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.03$0.48$0.46$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.02$0.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.01$0.02$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.04$0.04$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 24, 2025
Return Version
2024v5.1
Gross Receipts
$1,160,503
Mission and Program Overview

Mission

Afterschool/out-of-school activ

To provide homecare and family services to the elderly persons and people with disability and to provide youth development activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$299,167$340,294▲ $41,127
Cash and Non-Interest-Bearing Accounts$334,255$212,128▼ $122,127
Land, Buildings, and Equipment, Net$92,833$128,166▲ $35,333
Cap Stk Tr Prin Current Funds$97,121--
Other Notes and Loans Receivable, Net$1,200--
Total Assets$428,288$340,294▼ $87,994
Liabilities
Unsecured Notes Loans Payable$32,000--
Total Liabilities$32,000$0▼ $32,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$416,859--
Total Net Assets Fund Balance$396,288$340,294▼ $55,994
Total Liabilities and Net Assets / Fund Balance$428,288$340,294▼ $87,994

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$126,091-$126,091
Other Land Buildings$2,075-$2,075
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Isaac OgbomoExecutive DirectorFT$116,093$116,093

Board Members and Trustees

NameTitle
Rochelle LeeBoard Chairperson
Mabel AworindeDirector
Rev Akin OlagunjuDirector
Julio RamosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$206,609
Program Service Revenue
$953,894
Investment Income
$0
Other Revenue
$0
All Other Contributions
$206,609
Change in Net Assets
$-59,354
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,126,697
Other Expenses$93,160
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$863,038$116,093-$979,131
Payroll Taxes$128,650$581-$129,231
Pension Plan Contributions$17,688--$17,688
Occupancy-$16,508-$16,508
Office Expenses-$10,156-$10,156
Other Expenses$13,112$5,269-$5,269
Information Technology-$3,540-$3,540
Insurance-$1,990-$1,990
Advertising-$1,365-$1,365
Other Employee Benefits$647--$647
Travel-$210-$210
Total Functional Expenses$1,023,135$196,722$0$1,219,857
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Part VI Line 11B

“Form 990 will be reviewed by the board members at a meeting before”

Part VI Line 11B

“FILING.”

Part VI Line 19

“The documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Raising Hope Inc
EIN
37-1460341
In Care Of
% ISAAC OGBOMO
Phone
4014617878
Address
109 DABOLL STREET, Providence, RI 02907

Signing Officer

Name
Isaac Ogbomo
Title
Mr
Phone
4014617878
Signed
2025-04-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Isaac Ogbomo
Formed
2003
Legal Domicile
Ri
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Platinum Tax & Acntng Svcs LLC
Address
754 Branch Avenue, Suite 9, Providence, RI 02904
Preparer
Mak a Falaye CPA
Phone
4012732100
Raw XML Appendix315 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01219857
IRS990/TotalProgramServiceRevenueAmt0953894
IRS990/TotalReportableCompFromOrgAmt0116093
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0953894
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01160503
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0428288
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0340294
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0210
IRS990/TravelGrp/TotalAmt0210
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt032000
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IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002907
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.raisinghopeinc.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0ISAAC OGBOMO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MR
ReturnHeader/BusinessOfficerGrp/PhoneNum04014617878
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAISING HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIS
ReturnHeader/Filer/EIN0371460341
ReturnHeader/Filer/InCareOfNm0% ISAAC OGBOMO
ReturnHeader/Filer/PhoneNum04014617878
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 DABOLL STREET
ReturnHeader/Filer/USAddress/CityNm0Providence
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002907
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452067823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Platinum Tax & Acntng Svcs LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0754 Branch Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0Suite 9
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Providence
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002904
ReturnHeader/PreparerPersonGrp/PhoneNum04012732100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-24
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MAK A FALAYE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-24T12:53:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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