New Hope Development Day Care Center Inc

Analysis

New Hope Development Day Care Center Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 1975, 51 years ago. 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 May 2023, New Hope Development Day Care Center Inc reported income of $928k and spending of $772k, spending 83% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $573k to $928k (+62%), an average of +13% a year. The sharpest change came in the year to May 2022, when income rose by 24%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Development Day Care Center 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 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Black Hills Soccer Federation Inc ($928k), George N Wernimont Educational Fund ($928k) and Playhouse 2000 Inc ($928k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $58k (7.5% of expenses). Other salaries and wages came to $304k. At year end it held assets of $675k against liabilities of $0, net assets of $675k. It reported 13 employees.