Reclaimed Hope Initiative

Analysis

Reclaimed Hope Initiative is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover health care, 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, Reclaimed Hope Initiative reported income of $498k and spending of $538k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $269k to $498k (+85%), an average of +85% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Reclaimed Hope Initiative sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within VA. Charities of a similar size with the same main cause include Society for Integrative Oncology Inc ($498k), Narcolepsy Network Inc ($498k) and Helena Health Foundation ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $20k (3.7% of expenses). Other salaries and wages came to $191k. It paid $6,107 in professional fundraising fees. At year end it held assets of $71k against liabilities of $3,667, net assets of $68k. It reported 9 employees.