Hope Springs Recovery Inc
- Assets
- $3.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corbin, KY
- Founding
- 04/2019
- Data as of
- 12/2020
- EIN
- 82-3378655
Organization Overview
Hope Springs Recovery Inc is located in Corbin, KY. The organization was established in 2019. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Springs Recovery Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Hope Springs Recovery Inc generated $48.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $48.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
PROVIDING SHELTER AND A CLEAN ENVIRONMENT FOR DRUG-ADDICTED MEN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Stephen Young Treasurer | 10 | $0 | |
Tracie R Young Director | 10 | $0 | |
Marjory R Cecil Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,022 |
| Total Program Service Revenue | $47,065 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,087 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,217 |
| Professional fees and other payments to independent contractors | $381 |
| Occupancy, rent, utilities, and maintenance | $25,281 |
| Printing, publications, postage, and shipping | $1,504 |
| Other expenses | $10,143 |
| Total expenses | $48,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,531 |
| Other assets | $0 |
| Total assets | $3,531 |
| Total liabilities | $2,165 |
| Net assets or fund balances | $1,366 |