Refuge of Hope of Richmond

Analysis

Refuge of Hope of Richmond is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Refuge of Hope of Richmond reported income of $120k and spending of $110k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $120k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Refuge of Hope of Richmond sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within IN. Charities of a similar size with the same main cause include Forest Springs Inc ($119k), Williams Manor Inc ($120k) and Resident Council Association of Greenwood Village South Inc ($119k).

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 $25k against liabilities of $0, net assets of $25k.