The Road to Hope Inc

Analysis

The Road to Hope Inc is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in June 2012, 14 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 June 2023, The Road to Hope Inc reported income of $1.5m and spending of $1.1m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.3m to $1.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 69% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Road to Hope Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Assist Crisis Pregnancy Center ($1.5m), Mental Health Association of Northwestern Pennsylvania ($1.5m) and Center for Respite Care Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $68k (6.3% of expenses). Other salaries and wages came to $358k. At year end it held assets of $6.7m against liabilities of $3.5m, net assets of $3.1m. It reported 35 employees.