New Hope Lafayette

Analysis

New Hope Lafayette is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2024, New Hope Lafayette reported income of $120k and spending of $147k, spending 122% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $128k to $120k (-6.3%), an average of -6.3% a year. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Lafayette sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within LA. Charities of a similar size with the same main cause include Dailard School Foundation ($120k), Bais Yaakov Bnos Chayil Inc ($120k) and Every 1 Voice Matters Inc ($120k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 102% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.