New Hope Shelter

Analysis

New Hope Shelter is a registered charity in United States, based in Cadillac, MI. It received its IRS tax-exemption ruling in November 2002, 24 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 April 2024, New Hope Shelter reported income of $335k and spending of $398k, spending 119% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income grew from $258k to $335k (+30%), an average of +6.8% a year. The sharpest change came in the year to April 2021, when income rose by 179%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Shelter sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Community for Affordable Senior Housing C a S H ($335k), Valle Del Desierto an Arizona Non-Profit Corporation ($336k) and Outreach Unlimited ($335k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 84% of the total. Other salaries and wages came to $227k. At year end it held assets of $1.2m against liabilities of $12k, net assets of $1.2m. It reported 14 employees.