New Hope Association Inc

Analysis

New Hope Association Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in November 2019, 7 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, New Hope Association Inc reported income of $72k and spending of $56k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $26k to $72k (+179%), an average of +29% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. 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, New Hope Association Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include A Better Life for Kids ($72k), Global Outreach Inc ($72k) and Charitable Child Fund Inc ($72k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $35k, net assets of $76k.