Refuge of Hope Ministries

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 1/18/2022. To update the information in this column, please email: info@ministrywatch.com


Summary

Refuge of Hope is a faith-based, non-profit, Christian rescue mission providing safe, sober, emergency transitional shelter for men and hot, nutritious meals for hungry men, women, and children in Stark County. Refuge of Hope's shelter is not just a place where a homeless man can sleep at night. Rather, it's a support center, in a safe environment, where men can come to grips with the personal, economical and societal issues that caused them to become homeless. We provide a hand up to encourage homeless men, to help them realize that positive life changes are possible regardless of their current circumstances.


Contact information

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

Website: refugeofhope.org

Phone: 330-453-1785

Email: jcarpenter@refugeofhope.org


Organization details

EIN: 341965221

CEO/President: Duane Wykoff

Chairman: Randy Snow

Board size: 15

Founder:

Ruling year: 2002

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2008


Purpose

Transform lives by providing hope that elevates people to reach their God-given potential. Our goal is to help homeless men understand the love of Jesus Christ and achieve the stability necessary to be a positive contributor in our community. Our goal, in addition to serving hot, nutritious meals, is to meet the physical, emotional and spiritual needs of hurting individuals and families. We strive to go the extra mile by treating our lunch and dinner guests with love, compassion, and respect by providing the hope and encouragement they need.


Mission statement

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

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Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating531 of 102286 of 160
Fund acquisition rating423 of 102468 of 160
Resource allocation rating452 of 102468 of 160
Asset utilization rating712 of 1022125 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%11%8%5%12%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%8%18%8%5%12%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%99%159%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%12%12%12%19%13%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%1%-59%0%0%0%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%81%81%82%76%81%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%72%148%65%26%90%
Program output ratio Program output ratio =
Program services /
Total revenue
70%59%120%53%20%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%28%-48%35%74%10%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
8%10%-9%13%70%9%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%7%7%7%5%7%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.260.260.220.250.85
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.272.512.821.601.202.19
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.850.640.750.360.301.86
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.95187.616.9111.12231.8124.73
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.010.140.090.000.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.5318.5413.7630.7340.286.20
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%0%5%6%0%2%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%389%358%424%404%115%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$2,738,928$2,204,383$3,900,915$3,411,131$828,377
Receivables, inventories, prepaids$203,759$277,264$896,365$1,853,647$40,560
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,942,687$2,481,647$4,797,280$5,264,778$868,937
Long-term investments$0$0$0$0$0
Fixed assets$4,419,081$4,477,800$2,867,817$974,329$1,009,730
Other long-term assets$23,000$29,000$0$91,981$20,380
Total long-term assets$4,442,081$4,506,800$2,867,817$1,066,310$1,030,110
Total assets$7,384,768$6,988,447$7,665,097$6,331,088$1,899,047
 
Liabilities20202019201820172016
Payables and accrued expenses$15,685$359,204$431,501$22,712$35,131
Other current liabilities$0$0$0$0$0
Total current liabilities$15,685$359,204$431,501$22,712$35,131
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$15,685$359,204$431,501$22,712$35,131
 
Net assets20202019201820172016
Without donor restrictions$6,422,977$5,755,156$2,051,049$1,802,023$1,818,176
With donor restrictions$946,106$874,087$5,182,547$4,506,353$45,740
Net assets$7,369,083$6,629,243$7,233,596$6,308,376$1,863,916
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$2,596,150$1,976,175$2,619,266$6,002,716$1,791,248
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$10,873($737,727)$11,751$3,105$2,288
Other revenue$27,309$8,121($1,182)$163($7,241)
Total other revenue$38,182($729,606)$10,569$3,268($4,953)
Total revenue$2,634,332$1,246,569$2,629,835$6,005,984$1,786,295
 
Expenses20202019201820172016
Program services$1,543,799$1,492,415$1,389,493$1,191,383$1,301,481
Management and general$130,918$133,733$114,418$81,021$105,942
Fundraising$219,775$224,774$200,704$289,120$206,399
Total expenses$1,894,492$1,850,922$1,704,615$1,561,524$1,613,822
 
Change in net assets20202019201820172016
Surplus (deficit)$739,840($604,353)$925,220$4,444,460$172,473
Other changes in net assets$0$0$0$0$0
Total change in net assets$739,840($604,353)$925,220$4,444,460$172,473

Compensation

NameTitleCompensation
Duane WykoffCEO$68,779

Compensation data as of: 12/31/2020


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 1/18/2022. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

Last year:
79,558 hot, nutritious meals
13,187 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.