New Hope Center Inc

Analysis

New Hope Center Inc is a registered charity in United States, based in Chilton, WI. It received its IRS tax-exemption ruling in August 1966, 60 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Center Inc reported income of $3.6m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.6m (-3.2%), an average of -0.8% a year. The sharpest change came in the year to December 2021, when income dropped by 18%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Create Healthy Foundation ($3.6m), Habitat for Humanity International Inc ($3.6m) and Nevada Northern Railway Foundation Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $139k (3.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.2m against liabilities of $931k, net assets of $2.3m. It reported 127 employees.