Recover Hope Inc

Analysis

Recover Hope Inc is a registered charity in United States, based in Chester, VA. It received its IRS tax-exemption ruling in January 2022, 4 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, Recover Hope Inc reported income of $57k and spending of $66k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $57k (+13%), an average of +13% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Recover Hope Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Wild Farmlands Foundation ($57k), Atlantic County Charities Inc ($57k) and Belvoir Residence Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $15k against liabilities of $375, net assets of $15k.