Texas · Nonprofit
THE SOURCE OF HOPE
THE SOURCE OF HOPE (Texas) receives grants from 4 organizations whose IRS filings report $9,904 to it, the largest being NETWORK FOR GOOD ($5,857). 1 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $48k
- Funders on record
- 4
- Grants received
- $10k
- Net assets
- $49k
What The Source of Hope does
Mission
The Source of Hope empwers low income cosmetology students by providing assistance through educational program, grants,scholarships, in addition we provide services
As stated on its FY2024 Form 990-EZ.
Programs
Sharing hope: work with other organizations and help provide necessities and resources such as food, clothing, sanitary items, and more to people in need. We work with other organizations to help provide more help to a wider and broader reach.
$38,290 spent49% of program spendingServing hope: cook and serve meals to individuals in need such as at-risk families, senior veterans, first responders, and the local homeless community
$23,161 spent30% of program spendingBeauty of education:provide education, job opportunities, and monetary assistance to aspiring students and people interested in working in the cosmetology field
$16,353 spent21% of program spendingBeauty for hope and organizational operating expenses
The 4 programs described on its FY2025 Form 990-EZ. Program spending in total: $77,804.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $88k to $55k (−38%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
36% of THE SOURCE OF HOPE’s revenue is contributions — about as donation-reliant as the typical peer (65% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 7 reported years ran a deficit.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income fell $6k → $50.
2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 61% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of THE SOURCE OF HOPE’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE SOURCE OF HOPE leans on a few funders — its largest provides 59% of grant income and the top three 98%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
61% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE SOURCE OF HOPE.
Largest funder’s share by year: 2017 100% · 2019 78% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
61% of THE SOURCE OF HOPE's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $4k that is directly attributable, 78% of it comes from funders outside Texas, across 2 states.
Funder states come from each funder’s own filing. $6k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE SOURCE OF HOPE's revenue fell 66% between 2018 and 2024.
this organization peer median middle 50% of peers· 21,859 education nonprofits under $100k, FY2024
Organizations like THE SOURCE OF HOPE
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Texas
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for THE SOURCE OF HOPE: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE SOURCE OF HOPE?
- THE SOURCE OF HOPE (Texas) receives grants from 4 organizations whose IRS filings report $9,904 to it, the largest being NETWORK FOR GOOD ($5,857). 1 of them have funded it in more than one year, and 61% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does THE SOURCE OF HOPE have?
- IRS filings report 4 organizations giving $9,904 in grants to THE SOURCE OF HOPE, 1 of which have funded it in more than one year.
- Who is the largest funder of THE SOURCE OF HOPE?
- NETWORK FOR GOOD is the largest funder on record, with $5,857 in grants. The full list of funders is on this page.
- How can an organization like THE SOURCE OF HOPE find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Source of Hope →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing