New Hope Ministries Inc

Analysis

New Hope Ministries Inc is a registered charity in United States, based in Dillsburg, PA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, New Hope Ministries Inc reported income of $12.3m and spending of $11.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $12.3m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Ministries Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within PA. Charities of a similar size with the same main cause include Urban League of Broward County Incorporated ($12.3m), The Arc of Ventura County Inc ($12.3m) and United Veterans Beacon House Inc ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $139k (1.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.2m against liabilities of $134k, net assets of $11.1m. It reported 58 employees.