New Hope Baptist Church

Analysis

New Hope Baptist Church is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in September 2020, 6 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 Hope Baptist Church reported income of $432k and spending of $367k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $400k to $432k (+7.9%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 30%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Baptist Church sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Tien Ren Foundation ($431k), Kingdom Alliance Network Inc ($432k) and Project 14 Global Missions ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $84k (23% of expenses). Other salaries and wages came to $84k. At year end it held assets of $2.4m against liabilities of $111k, net assets of $2.3m.