New Hope Community Ministries a NJ Nonprofit Corp

Analysis

New Hope Community Ministries a NJ Nonprofit Corp is a registered charity in United States, based in Prospect Park, NJ. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Ministries a NJ Nonprofit Corp reported income of $1.1m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $623k to $1.1m (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Community Ministries a NJ Nonprofit Corp sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include The Hopi Foundation Lomasuminagwtukwsiumani ($1.1m), Shield-Bearer Counseling Centers Inc ($1.1m) and New Destiny Family Success Centers Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Other salaries and wages came to $502k. At year end it held assets of $1.8m against liabilities of $818k, net assets of $988k. It reported 15 employees.