Hope for Recovery Kentucky Inc

Analysis

Hope for Recovery Kentucky Inc is a registered charity in United States, based in Cynthiana, KY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Recovery Kentucky Inc reported income of $116k and spending of $74k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $116k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 64% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Recovery Kentucky Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within KY. Charities of a similar size with the same main cause include Project Blackout ($116k), State of West Virginia Rheumatology Society ($116k) and American Society of Opthalmic Registered Nurses Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $121k against liabilities of $1,176, net assets of $120k.