New Hope Estates Group Home Inc

Analysis

New Hope Estates Group Home Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in August 2006, 20 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 Estates Group Home Inc reported income of $53k and spending of $50k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $62k to $53k (-14%), an average of -7.5% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. 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 Estates Group Home Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within VA. Charities of a similar size with the same main cause include Volunteers for the Blind Inc ($53k), Family Enrichment Society of Cerritos ($53k) and Young House Family Services Foundation Inc ($53k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $3,524. At year end it held assets of $626k against liabilities of $10k, net assets of $615k.