Refuge of Hope Ministries

Analysis

Refuge of Hope Ministries is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Refuge of Hope Ministries reported income of $3.4m and spending of $2.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.4m (+169%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 111%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Refuge of Hope Ministries sits at the 97th percentile: it is larger than about 97% 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 Vapor Sports Ministries ($3.4m), Grace Press Inc ($3.4m) and Tomorrow Clubs International Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (2.6% of expenses). Other salaries and wages came to $769k. It paid $52k in professional fundraising fees. At year end it held assets of $10.0m against liabilities of $34k, net assets of $9.9m. It reported 32 employees.