Financial Accountability and Transparency

“Moreover, it is required of stewards that they be found trustworthy.” – 1 Corinthians 4:2

 

FINANCIAL ACCOUNTABILITY AND TRANSPARENCY

At Light and Hope Mission, we believe in the importance of being faithful stewards of the resources entrusted to us. We are committed to maintaining the highest levels of integrity and transparency in all our financial practices, guided by sound Biblical principles. The Lord provides us with resources for our ministry through the generous contributions of individuals, and we recognize our responsibility both to Him and to our donors. To honor this responsibility, we are committed to the following standards:

 

  1. Faithful Stewardship: We ensure that all donations are used wisely and responsibly to achieve our mission of helping widows, orphans, and the homeless, and advancing the gospel of Jesus Christ.

  2. Transparency in Reporting: We provide clear and accurate financial reports, making our financial statements and annual reports available to the public. This includes detailed information on how funds are allocated and spent.

  3. Regular Audits: Our financial records are audited annually by an independent accounting firm to ensure accuracy and compliance with all legal and ethical standards.

  4. Efficient Use of Resources: We strive to minimize administrative costs and maximize the percentage of funds directly supporting our programs and services. Currently, 90% of the money spent by Light and Hope Mission goes directly to our work that saves and transforms lives.

  5. Donor Communication: We keep our donors informed about how their contributions are making a difference. This includes regular updates, newsletters, and impact reports that highlight the outcomes and successes of our programs.

  6. Ethical Fundraising: We adhere to ethical fundraising practices, ensuring that all our solicitations and communications are truthful, respectful, and conducted with the utmost integrity.

  7. Compliance with Laws and Regulations: We comply with all applicable laws and regulations governing non-profit organizations and charitable donations. This includes adhering to tax regulations and maintaining our status as a registered charity.

  8. Respecting Donor Privacy: We respect the privacy of our donors and do not sell or rent our mailing list to other groups. We maintain tight security on our list of friends and supporters to protect their personal information.

  9. Biblical Principles: We conduct all financial practices in accordance with Biblical principles, ensuring that our actions reflect our faith and commitment to God’s teachings.

View Consolidated Financial Statements

View Confirmation Statements

In Christ’s Love, We Serve™

These percentages are guidelines based on current assessments of the severity and scale of needs on each continent.

When you donate to Light and Hope Mission, you can be assured that 90% of your contribution directly supports our life-saving and transformative work with widows, orphans, and the homeless, ensuring that your generosity makes a significant impact.

We regularly review and adjust our funding allocations to ensure that resources are directed where they are most needed.

Allocation of Donations:

1. Africa (50%):
Africa, particularly Sub-Saharan Africa, faces some of the most severe challenges, including widespread poverty, a high number of orphans, widows, and homelessness. Due to the magnitude of these issues, Africa will receive the largest portion of our donations to address these critical needs.

2. Asia (25%):
Asia, with its vast population and diverse socio-economic challenges, requires substantial support. The continent has a significant number of orphans, widows, and homeless individuals, especially in regions affected by poverty, conflict, and natural disasters.

 

3. America (15%):
In the Americas, the focus is on addressing homelessness, particularly in urban areas, as well as supporting orphans and widows in impoverished communities. While the needs are less severe than in Africa and Asia, they are still significant and require dedicated resources.

4. Europe (10%):
Europe, while generally more developed, still has pockets of poverty, homelessness, and social exclusion. Our efforts here focus on marginalized groups, including widows and the homeless, particularly in Eastern Europe.

Important Note:

These percentages are guidelines based on current assessments of the severity and scale of needs on each continent. However, this distribution can vary depending on factors such as the number of urgent cases, emerging crises, and specific needs identified through our local partnerships and assessments. We regularly review and adjust our funding allocations to ensure that resources are directed where they are most needed.

Change the world with us

By adhering to these standards, we aim to honor God and our supporters, ensuring that every contribution is used effectively to further our mission. Thank you for partnering with Light and Hope Mission and trusting us with your generous support.