New Hope Correctional Ministry

Analysis

New Hope Correctional Ministry is a registered charity in United States, based in Hanson, MA. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Correctional Ministry reported income of $239k and spending of $275k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $239k (+2.5%), an average of +0.6% a year. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Correctional Ministry sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Heart of Shalom Ministries ($239k), Mission1014 ($240k) and The Good Call Ministries ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $70k (25% of expenses). Other salaries and wages came to $87k. At year end it held assets of $412k against liabilities of $2,574, net assets of $410k. It reported 5 employees.