New Hope Family Shelter Inc

Analysis

New Hope Family Shelter Inc is a registered charity in United States, based in Bloomington, IN. It received its IRS tax-exemption ruling in June 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Hope Family Shelter Inc reported income of $2.8m and spending of $1.9m, leaving 33% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $931k to $2.8m (+202%), an average of +45% a year. The sharpest change came in the year to June 2021, when income rose by 94%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Family Shelter Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Dearborn Heights Csi Non-Profit Housing Corporation ($2.8m), Community Loan Fund of the Capital Region Inc ($2.8m) and Community Housing Services Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 16% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $5.5m against liabilities of $1.3m, net assets of $4.2m. It reported 44 employees.