A Place for Hope Recovery and Wellness Center Inc

Analysis

A Place for Hope Recovery and Wellness Center Inc is a registered charity in United States, based in Moorhead, MN. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, A Place for Hope Recovery and Wellness Center Inc reported income of $179k and spending of $231k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $179k (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Place for Hope Recovery and Wellness Center Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Achieva Foundation Corporation ($179k), Flourish Community Development Corporation ($179k) and Milvet ($179k).

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 $108k (47% of expenses). At year end it held assets of $239k against liabilities of $7,444, net assets of $231k. It reported 4 employees.