New Hope Outreach Center

Analysis

New Hope Outreach Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Outreach Center reported income of $60k and spending of $48k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $94k to $60k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Outreach Center sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within PA. Charities of a similar size with the same main cause include PTA Delaware Congress ($60k), Three Inc ($60k) and PTA California Congress of Parents Teachers & Students Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.