Ministry Spotlight: Eight Days of Hope

Relief organization sees sharp increase in fundraising costs and net assets

Eight Days of Hope (EDOH), a national disaster relief organization, saw a significant shift in its overall MinistryWatch efficiency rating this month, moving from 5 stars to 1 star.

Photo via Facebook @Eight Days of Hope

The efficiency rating is based on three categories: fund acquisition, resource allocation and asset utilization.

The organization’s fund acquisition rating is 1 star, partly due to an increase in its fundraising costs. From 2022 to 2023, the organization’s fundraising cost ratio grew from 1% to 11%. The Relief and Development sector median is 6%.

EDOH also saw a sharp increase in the “General and Admin ratio” category, jumping from 1% to 16%, affecting its overall resource allocation rating.

In addition, from 2020 to 2023, the organization’s assets grew from $7.5 million to $11.8 million.

According to its website, Eight Days of Hope “responds to disasters across the country, helping to rebuild homes, communities, and lives.” They do this through four key initiatives: rebuilding communities, safe houses for survivors of human trafficking, rapid disaster response, and mass meal distribution after disasters.

To date, EDOH’s Rapid Response Ministry has deployed to more than 50 disasters around the United States.

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MinistryWatch Donor Confidence Score: 81 (out of a possible 100) “Give With Confidence”

MinistryWatch Financial Efficiency Rating: 1 Star (out of a possible 5 Stars)

MinistryWatch Transparency Grade: A

ECFA Member? Yes

Revenue in Most Recent Year Available: $7,340,067

Five-Year Revenue Trend: Increasing (by about 210%)

Percent of Revenue Eight Days of Hope Spends on Fundraising: 11%

Percent Peer Group Spends on Fundraising: 6%

CEO/President: Steve Tybor

President’s Salary and Other Compensation: $267,029

A complete MinistryWatch profile for Eight Days of Hope can be found here.

Main photo: Photo via Facebook @Eight Days of Hope   

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