Restore Hope

Analysis

Restore Hope is a registered charity in United States, based in Lyme, NH. It received its IRS tax-exemption ruling in April 2022, 4 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 June 2024, Restore Hope reported income of $478k and spending of $312k, leaving 35% of income unspent that year. Across the 4 years on record, from June 2021 to June 2024, income grew from $219k to $478k (+118%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 97%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Restore Hope sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Ccclinic Inc ($478k), Touched by an Angel Inc ($478k) and Plan of Maryland DC Inc ($477k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). At year end it held assets of $267k against liabilities of $72k, net assets of $195k. It reported 1 employees.