New Hope Community Development Group

Analysis

New Hope Community Development Group is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in February 2007, 19 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 December 2023, New Hope Community Development Group reported income of $145k and spending of $163k, spending 112% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $12k to $145k (+1074%), an average of +243% a year. The sharpest change came in the year to December 2022, when income rose by 574%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Community Development Group sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Major County Fair Board Foundation ($145k), Maximizing Stewardship Inc ($145k) and Society of Saint Vincent de Paul Santa Clarita Conference ($145k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.