Building New Hope

Analysis

Building New Hope is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2022, Building New Hope reported income of $220k and spending of $176k, spending 80% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $167k to $220k (+32%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Building New Hope sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within PA. Charities of a similar size with the same main cause include World Health Services Inc ($220k), Doyle Jones Ministries Inc ($220k) and Dream for Nations Incorporated ($220k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $38k (21% of expenses). At year end it held assets of $151k against liabilities of $53k, net assets of $98k. It reported 1 employees.