New Hope Manor Inc

Analysis

New Hope Manor Inc is a registered charity in United States, based in Barryville, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 December 2023, New Hope Manor Inc reported income of $4.2m and spending of $4.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Manor Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($4.2m), American Assoc on Intellectual and Developmental Disabilities ($4.2m) and Federated Insurance Foundation Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $281k (6.3% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $6.2m against liabilities of $2.6m, net assets of $3.6m. It reported 73 employees.

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.