Hope & New Life Health Care Inc

Analysis

Hope & New Life Health Care Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2022, Hope & New Life Health Care Inc reported income of $357k and spending of $416k, spending 117% of what it took in. Across the 5 years on record, from December 2016 to December 2022, income grew from $241k to $357k (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 630%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Hope & New Life Health Care Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within NV. Charities of a similar size with the same main cause include Fountains of Hope International Inc ($357k), Concern for the Girl Child North America ($357k) and Acts 29 Ministries Inc ($357k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.2% and program service revenue 90% of the total. Other salaries and wages came to $35k. At year end it held assets of $0 against liabilities of $0, net assets of $0.