New Hope Family Services Inc

Analysis

New Hope Family Services Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in February 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, New Hope Family Services Inc reported income of $646k and spending of $849k, spending 131% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $498k to $646k (+30%), an average of +6.7% a year. The sharpest change came in the year to March 2021, when income rose by 54%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Family Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Ttawaxt Birth Justice Center ($646k), Northern Nevada Rave Family Foundation ($646k) and Shelby Senior Services Inc ($646k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 71% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $71k (8.4% of expenses). Other salaries and wages came to $417k. At year end it held assets of $543k against liabilities of $111k, net assets of $432k. It reported 21 employees.