House of Hope for Recovery

Analysis

House of Hope for Recovery is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in December 1967, 59 years ago. 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, House of Hope for Recovery reported income of $3.5m and spending of $3.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2020, when income rose by 15%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, House of Hope for Recovery sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within OH. Charities of a similar size with the same main cause include American Mountain Guides Association ($3.5m), Mid-Ohio Psychological Services Inc ($3.5m) and Meals on Wheels Montgomery County ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $250k (7.1% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.7m against liabilities of $1.4m, net assets of $3.2m. It reported 52 employees.