New Hope Village

Analysis

New Hope Village is a registered charity in United States, based in Carroll, IA. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 September 2023, New Hope Village reported income of $19.0m and spending of $21.2m, spending 112% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $17.0m to $19.0m (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Village sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IA. Charities of a similar size with the same main cause include Allwell Behavioral Health Services ($19.0m), El Castillo Retirement Residences ($19.0m) and Jewish Community Center on the Palisades ($19.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $424k (2.0% of expenses). Other salaries and wages came to $12.6m. At year end it held assets of $14.2m against liabilities of $2.7m, net assets of $11.5m. It reported 421 employees.