Hope for Addiction Inc

Analysis

Hope for Addiction Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in July 2014, 12 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, Hope for Addiction Inc reported income of $455k and spending of $396k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $455k (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 57%. 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, Hope for Addiction Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 66th percentile within AZ. Charities of a similar size with the same main cause include Aitkin County Care Inc ($455k), Pararescue Foundation ($455k) and Northeast Organic Farmers Association of Connecticut Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $69k (17% of expenses). Other salaries and wages came to $52k. At year end it held assets of $810k against liabilities of $558k, net assets of $252k. It reported 5 employees.