New Hope Day Care Inc

Analysis

New Hope Day Care Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2020, New Hope Day Care Inc reported income of $65k and spending of $98k, spending 151% of what it took in. Across the 3 years on record, from August 2018 to August 2020, income fell from $195k to $65k (-67%), an average of -42% a year. The sharpest change came in the year to August 2020, when income dropped by 50%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Hope Day Care Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Getting Better Foundation ($65k), Iglesia Cristiana Casa Del Alfareroinc ($65k) and National Charity League Inc - Virginia Bluebell Chapter ($65k).

On its Form 990 for the period ending August 2020, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $35k against liabilities of $247k, net assets of -$212k. It reported 4 employees.