New Hope for Youth

Analysis

New Hope for Youth is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 for Youth reported income of $2.7m and spending of $2.7m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.7m (+127%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Hope for Youth 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 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Club of Jefferson City ($2.7m), Nafasi Fund ($2.7m) and Big Brothers Big Sisters of Essex Hudson and Union Counties NJ Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $318k (12% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.4m against liabilities of $287k, net assets of $1.1m. It reported 61 employees.