New Hope Transitional Housing Inc

Analysis

New Hope Transitional Housing Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, New Hope Transitional Housing Inc reported income of $20.1m and spending of $20.0m, spending 100% of its income. Across the 4 years on record, from September 2020 to June 2023, income grew from $985k to $20.1m (+1939%), an average of +173% a year. The sharpest change came in the year to June 2021, when income rose by 790%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Transitional Housing Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($19.9m), I M Sulzbacher Center for the Homeless Inc ($20.1m) and Fort Worth Area Habitat for Humanity Inc ($19.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $768k (3.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $35.0m against liabilities of $34.9m, net assets of $90k. It reported 85 employees.