New Hope Alano Group Inc

Analysis

New Hope Alano Group Inc is a registered charity in United States, based in New Hope, MN. It received its IRS tax-exemption ruling in July 1970, 56 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 February 2024, New Hope Alano Group Inc reported income of $108k and spending of $102k, spending 95% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $66k to $108k (+63%), an average of +13% a year. The sharpest change came in the year to February 2022, when income rose by 102%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hope Alano Group Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MN. Charities of a similar size with the same main cause include Kate Amato Foundation Inc ($108k), Friends of the Oneonta Community Health Center Inc ($108k) and Drayton Volunteer Ambulance Association ($108k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 31% and program service revenue 41% of the total. At year end it held assets of $637k against liabilities of $49k, net assets of $588k.