House of New Hope

Analysis

House of New Hope is a registered charity in United States, based in Saint Louisvl, OH. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, House of New Hope reported income of $2.5m and spending of $3.1m, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.6m to $2.5m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 30%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, House of New Hope sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Crawford County Council on Aging Inc ($2.5m), Family Centered Services Inc ($2.5m) and Young Adults with Special Abilities Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $405k (13% of expenses). Other salaries and wages came to $613k. At year end it held assets of $2.0m against liabilities of $520k, net assets of $1.5m. It reported 40 employees.