Restoration of Hope Inc

Analysis

Restoration of Hope Inc is a registered charity in United States, based in Stuttgart, AR. It received its IRS tax-exemption ruling in November 1996, 30 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, Restoration of Hope Inc reported income of $318k and spending of $307k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $262k to $318k (+21%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Restoration of Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within AR. Charities of a similar size with the same main cause include Christian Closet Inc ($318k), Fox Valley Food for Health ($318k) and Canine Partners of the Rockies Inc ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $84k (27% of expenses). Other salaries and wages came to $133k. At year end it held assets of $47k against liabilities of $43k, net assets of $3,948. It reported 9 employees.