New Hope Korean Presbyterian Church

Analysis

New Hope Korean Presbyterian Church is a registered charity in United States, based in Roanoke, VA. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Korean Presbyterian Church reported income of $126k and spending of $106k, spending 84% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $111k to $126k (+14%), an average of +6.8% a year. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Korean Presbyterian Church sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within VA. Charities of a similar size with the same main cause include Abiding Marriage Inc ($126k), First Priority Tri County ($126k) and Scarlet Thread ($126k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.