New Hope-Solebury Community Assn

Analysis

New Hope-Solebury Community Assn is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope-Solebury Community Assn reported income of $133k and spending of $107k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $133k (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 460%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Hope-Solebury Community Assn sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Cabot Scholarship Foundation Inc ($133k), Kaye Trust ($133k) and American Friends of Hospice of the Upper Galilee ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 89% of the total. At year end it held assets of $251k against liabilities of $0, net assets of $251k.