New Hope of Indiana Inc

Analysis

New Hope of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in April 1988, 38 years ago. 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, New Hope of Indiana Inc reported income of $25.6m and spending of $26.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.8m to $25.6m (+7.8%), an average of +1.9% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope of Indiana Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IN. Charities of a similar size with the same main cause include Pibly Residential Programs Inc ($25.6m), Arc Industries Inc of Franklin County Ohio ($25.7m) and St Coletta of Greater Washington Inc ($25.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $446k (1.7% of expenses). Other salaries and wages came to $17.4m. At year end it held assets of $17.8m against liabilities of $3.8m, net assets of $14.0m. It reported 410 employees.