New Haven of Hope

Analysis

New Haven of Hope is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Haven of Hope reported income of $54k and spending of $67k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $95k to $54k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Haven of Hope sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within IN. Charities of a similar size with the same main cause include Calvary Apostolic Ministry ($54k), David Turner Intl Ministries Inc ($54k) and Apostolic Church ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $292k against liabilities of $0, net assets of $292k.