New Hope Services Inc

Analysis

New Hope Services Inc is a registered charity in United States, based in Jeffersonvlle, IN. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Services Inc reported income of $8.9m and spending of $9.7m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.4m to $8.9m (-28%), an average of -7.8% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Services Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Envision Creative Support for Peopl E with Developmental Disabilities ($8.9m), Catholic Social Services of the Diocese of Scranton Inc ($8.9m) and Young Mens Christian Association of Metropolitan Huntsville Alabama ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $538k (5.5% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $23.2m against liabilities of $10.9m, net assets of $12.3m. It reported 183 employees.