“A program’s impact is not just about the number of people touched; it’s about the improvement achieved. Fewer people touched deeply may be worth more than many people hardly affected.”
Harvard Business Review: Economics & Society, Jan-Feb 2019
Impact
Dictionary definitions of the word Impact include “the force of impression of one thing on another; a significant or major effect.”
Beyond those significant benchmarks already cited—herein we distill Hope Academy’s major effects as characterized by (1) the breadth and magnitude of its social return on investment, (2) its wide-ranging alignment with United Nations Sustainable Development Goals, and (3) Hope Academy’s “Impact Potential” score, as derived from Stanford University’s Impact Compass http://impactcompass.stanford.edu. We proudly share these standings as they too continue to inspire and motivate all who lead and support the initiatives and students of Hope Academy.
Hope Academy’s “Return On
Investment” is Uncommonly High
Benefits some of southeast India’s most disadvantaged children.
Benefits communities and the social sector.
Benefits India’s businesses and foundations.
Benefits some of southeast India’s most disadvantaged children.
- Alters trajectories of lives—objectively, measurably and indelibly
- Builds employability and self confidence
- Breaks cycles of poverty in one generation for beneficiaries.
- Eliminates child and forced labor for beneficiaries.
Benefits communities and the social sector.
- Champions concern for the development of all people in society
- Builds ethical, moral citizens who are apt to increase the efficiency of society and the economy
- Establishes a center of excellence for educational innovations in southeast India
Benefits India’s businesses and foundations.
- Accelerates marketplace availability of citizens with deep-seated problem-solving and critical-thinking skills
- Enables corporate and foundation social engagement with high levels of assurance, accountability and integrity
- Presents opportunities for regional enhancement of brand loyalty and name recognition
Hope Academy Vizag strongly aligns with 10
of 17 UN Sustainable Development Goals
Impact Analytics Illustrated with The Impact Compass
The Impact Compass helps conceptualize impact and provides the tools to assess the relative social impact of various organizations or ventures. It was developed at the Stanford Graduate School of Business by the Center for Social Innovation for students, program managers, and funders.
Organizations typically maximize their impact when they:
- Address a dire societal need.
- Design effective interventions.
- Address the issue in depth.
- Deliver at scale.
- Anchor their mission through organizational features that will carry them for the long-haul.
- Operate in a way that adds value to all constituents involved.
The Six Impact Dimensions of Hope Academy
| DIMENSION | ASSESSMENT (see impactcompass.standford.edu) | HA SCORE |
|---|---|---|
| 1. VALUE TO SOCIETY To what extent does intended outcome deliver societal value? | 3. Advances most needed social progress 2. Advances needed social progress 1. Society positive | 3 |
| 2. VERIFIED EFFICACY How certain are we of the effects of the solution? | 3. Proven results at scale 2. Positive pilot. Transposable? 1. Promising solutions | 2 |
| 3. IMPACT MAGNITUDE How meaningful is the magnitude of the intervention per person/unit? | 3. Problem eliminated per individual beneficiary 2. Problem partially solved per individual beneficiary 1. Small dent in problem per individual beneficiary | 3 |
| 4. SCALABILITY POTENTIAL How much of the affected population can this model potentially address? | 3. Billions/global 2. Millions/regional 1. Thousands/local | 2 |
| 5. MISSION ALIGNMENT To what extent is the organization driving toward outcomes? | 3. All indicators in place 2. 2-3 indicators in place 1. <2 indicators in place | 3 |
| 6. ENVIRONMENTAL & SOCIAL GOVERNANCE How responsible is the intervention with regard to ESG? | 3. 2+ exemplary dimensions/strong public stewardship 2. 1 exemplary dimension 1. No severe deficiency/no harm done | 3 |
Hope Academy Vizag’s Impact Potential:
Score =3x2x3x2x3x3=324
“Scores higher than 200 signal truly transformational impact potential”
Impact Potential Score
“An organization’s impact potential score is obtained by multiplying its scores on the six different three-point scales. This model simulates the need for all elements to be in place to make progress toward an organization’s or program’s impact.”
