HopeSource has worked hand in hand with the people of Kittitas County since 1966 to address problems of poverty among our neighbors. HopeSource manages a diversity of programs encompassing shelter for homeless persons, youth programs, food and nutrition, elderly and disabled supports, home improvement, energy services, and veterans services. Our programs extend the length and breadth of the county.
Our purpose is to help the members of Kittitas County transform their lives by increasing their standard of living. We ran a budget of approximately 3.8M in 2013, and 3.9M in 2014 and 4.97M in 2015. Since 2004, we have continually received a clean audit report from external auditors on the presentation and accountability of the funds we receive from grantors.
The latest Audit report shows that the current ratio (an accounting device that shows the ability of an organization to meet its short term financial obligations) was 2.73 in 2015. The net assets have increased significantly from 533,496 in 2010 to 1,045,851 in 2015. A consistent record was maintained regarding the way we spend the money we receive. For the year 2015 we spent 9% on administration. In real terms, this means that only $9 of each $100 we received in 2015 went towards administrative expenses. During this time period we have increased our services and accomplished even more towards helping others in our community than we had in previous years.
We feel this is an excellent time for us to explore additional opportunities, both for better helping the targeted population, and the available resources to land such opportunities.
Interested parties may download HopeSource's 2011 - 2015 audits in .pdf format below. If you don't have Adobe Acrobat Reader, you can download the latest version here.