New Hope Shelter Inc

Analysis

New Hope Shelter Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Shelter Inc reported income of $3.0m and spending of $313k, leaving 90% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $255k to $3.0m (+1071%), an average of +127% a year. The sharpest change came in the year to December 2022, when income rose by 574%. Over the whole period it spent 20% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Shelter Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include USA Cares Inc ($3.0m), LA Casa Nuestra Housing Development Fund Corporation ($3.0m) and Love Home Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $125k. It paid $8,903 in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $75, net assets of $5.0m. It reported 11 employees.