New Hope Celebrates Inc

Analysis

New Hope Celebrates Inc is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in July 2009, 17 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 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 2023, New Hope Celebrates Inc reported income of $230k and spending of $195k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $230k (+29%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 29%. 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 Celebrates Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Encouragement for Life ($230k), The Care Collaborative Inc ($230k) and Pollack Foundation Inc ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. At year end it held assets of $242k against liabilities of $2,623, net assets of $239k.