Hope Recovery Community Inc

Analysis

Hope Recovery Community Inc is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in July 2019, 7 years ago. 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 Recovery Community Inc reported income of $954k and spending of $706k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $208k to $954k (+359%), an average of +66% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope Recovery Community Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within OH. Charities of a similar size with the same main cause include Panhandle Library Access Network Inc ($954k), Marseilles Area Ambulance Serv Inc ($954k) and Litchfield Ambulance Association Inc ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). Other salaries and wages came to $350k. At year end it held assets of $833k against liabilities of $24k, net assets of $809k. It reported 28 employees.