New Hope for Children

Analysis

New Hope for Children is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope for Children reported income of $164k and spending of $296k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $214k to $164k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 137% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope for Children sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within NH. Charities of a similar size with the same main cause include Unfaulted Corporation ($164k), Hope Center ($164k) and Community Thrift Shoppe ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $65k against liabilities of $431k, net assets of -$366k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.