Refuge of Hope Ministries

The information on this page was last updated 11/15/2022. If you see errors or omissions, please email: [email protected]


Summary

Refuge of Hope gives individuals in the Canton area a place to turn when all hope feels lost. Through our food, clothing, shelter, and healthcare ministries, we seek to embody God's love by serving those who face poverty, homelessness, and other dire situations.


Contact information

Mailing address:
Refuge of Hope Ministries
PO Box 9361
Canton, OH 44711

Website: refugeofhope.org

Phone: 330-453-1785

Email: [email protected]


Organization details

EIN: 341965221

CEO/President: Duane Wykoff

Chairman: Michelle Cordova

Board size: 14

Founder:

Ruling year: 2002

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2008


Purpose

Our vision is to transform lives by providing hope that elevates people to reach their God-given potential.


Mission statement

Our mission is to glorify and serve God by providing meals for hungry men, women, and children, emergency shelter and transition to independence for homeless men, and spiritual hope through Jesus Christ.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating555 of 109166 of 144
Fund acquisition rating309 of 109434 of 144
Resource allocation rating439 of 109450 of 144
Asset utilization rating897 of 1091127 of 144

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
11%7%8%11%8%5%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%7%8%18%8%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
92%100%99%159%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%11%12%12%12%19%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
8%0%1%-59%0%0%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%81%81%82%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
86%63%72%148%65%26%
Program output ratio Program output ratio =
Program services /
Total revenue
68%52%59%120%53%20%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
14%37%28%-48%35%74%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
9%14%10%-9%13%70%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%7%7%7%5%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.230.260.260.220.25
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.612.802.512.821.601.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.620.660.640.750.360.30
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.13145.98187.616.9111.12231.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.010.140.090.00
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.8518.1418.5413.7630.7340.28
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%0%0%5%6%0%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
167%425%389%358%424%404%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$2,895,949$2,738,928$2,204,383$3,900,915$3,411,131
Receivables, inventories, prepaids$175,644$203,759$277,264$896,365$1,853,647
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$3,071,593$2,942,687$2,481,647$4,797,280$5,264,778
Long-term investments$0$0$0$0$0
Fixed assets$5,504,773$4,419,081$4,477,800$2,867,817$974,329
Other long-term assets$11,000$23,000$29,000$0$91,981
Total long-term assets$5,515,773$4,442,081$4,506,800$2,867,817$1,066,310
Total assets$8,587,366$7,384,768$6,988,447$7,665,097$6,331,088
 
Liabilities20212020201920182017
Payables and accrued expenses$21,041$15,685$359,204$431,501$22,712
Other current liabilities$0$0$0$0$0
Total current liabilities$21,041$15,685$359,204$431,501$22,712
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$21,041$15,685$359,204$431,501$22,712
 
Net assets20212020201920182017
Without donor restrictions$6,837,508$6,422,977$5,755,156$2,051,049$1,802,023
With donor restrictions$1,728,817$946,106$874,087$5,182,547$4,506,353
Net assets$8,566,325$7,369,083$6,629,243$7,233,596$6,308,376
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$3,205,736$2,596,150$1,976,175$2,619,266$6,002,716
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$7,614$10,873($737,727)$11,751$3,105
Other revenue$1,598$27,309$8,121($1,182)$163
Total other revenue$9,212$38,182($729,606)$10,569$3,268
Total revenue$3,214,948$2,634,332$1,246,569$2,629,835$6,005,984
 
Expenses20212020201920182017
Program services$1,663,552$1,543,799$1,492,415$1,389,493$1,191,383
Management and general$128,780$130,918$133,733$114,418$81,021
Fundraising$225,374$219,775$224,774$200,704$289,120
Total expenses$2,017,706$1,894,492$1,850,922$1,704,615$1,561,524
 
Change in net assets20212020201920182017
Surplus (deficit)$1,197,242$739,840($604,353)$925,220$4,444,460
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,197,242$739,840($604,353)$925,220$4,444,460

Compensation

NameTitleCompensation
Duane WykoffCEO$74,456

Compensation data as of: 12/31/2021


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 11/15/2022. To update the information below, please email: [email protected]


History


Program accomplishments

Last year:
67,137 hot, nutritious meals
11,516 safe, bedded nights


Needs

Your generosity enables us to serve hot and nutritious meals free to the community in a family-style setting Monday through Saturday. Our numbers are growing more every day. Even the smallest contribution is sincerely appreciated.