New Hope Transformation House Ministries Inc

Analysis

New Hope Transformation House Ministries Inc is a registered charity in United States, based in Potsdam, NY. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, New Hope Transformation House Ministries Inc reported income of $74k and spending of $67k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $74k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Transformation House Ministries Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Uniting Hearts Networking Institute ($74k), Journey Church East Bay ($74k) and Global Church Growth Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 25% of the total. At year end it held assets of $55k against liabilities of $5,110, net assets of $50k.