New Hope Oklahoma Inc

Analysis

New Hope Oklahoma Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Hope Oklahoma Inc reported income of $507k and spending of $476k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $735k to $507k (-31%), an average of -8.9% a year. The sharpest change came in the year to August 2021, when income dropped by 20%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Hope Oklahoma Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OK. Charities of a similar size with the same main cause include BMC Community Outreach ($506k), Rising Stars Business Academy ($507k) and True Kids 1 ($506k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $267k. At year end it held assets of $300k against liabilities of $0, net assets of $300k. It reported 12 employees.