Hope Recovery Center

Analysis

Hope Recovery Center is a registered charity in United States, based in Medon, TN. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Recovery Center reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $1.0m (+83%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope Recovery Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Gods Way Ministries Inc ($1.0m), Compass Outreach Inc ($1.0m) and Urban Hope Ministries Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $86k (8.6% of expenses). Other salaries and wages came to $315k. At year end it held assets of $1.4m against liabilities of $563k, net assets of $790k. It reported 41 employees.