New Hope Clinic Inc

Analysis

New Hope Clinic Inc is a registered charity in United States, based in Southport, NC. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, New Hope Clinic Inc reported income of $875k and spending of $775k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $542k to $875k (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hope Clinic Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Usher III Initiative Inc ($874k), Intact America Inc ($875k) and Backline Care Inc ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $81k (10% of expenses). Other salaries and wages came to $345k. At year end it held assets of $1.3m against liabilities of $68k, net assets of $1.2m. It reported 9 employees.