New Hope Village Inc

Analysis

New Hope Village Inc is a registered charity in United States, based in Barstow, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, New Hope Village Inc reported income of $457k and spending of $471k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $240k to $457k (+91%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Village Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Community Working Group Inc ($457k), Kids Are Kids Learning Center Inc ($458k) and Kupat Givat Hamivtar Inc ($457k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $90k (19% of expenses). Other salaries and wages came to $128k. At year end it held assets of $323k against liabilities of $7,260, net assets of $316k. It reported 17 employees.