New Hope Inc

Analysis

New Hope Inc is a registered charity in United States, based in Woodcliff LK, NJ. It received its IRS tax-exemption ruling in March 1986, 40 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 December 2023, New Hope Inc reported income of $314k and spending of $135k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $314k (+105%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Loma Linda University Medical Auxiliary ($314k), International Film Seminars Inc ($314k) and Yukon Quest International Ltd ($314k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.