Hope for Nica Corporation

Analysis

Hope for Nica Corporation is a registered charity in United States, based in New Ipswich, NH. It received its IRS tax-exemption ruling in August 2014, 12 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 December 2023, Hope for Nica Corporation reported income of $99k and spending of $68k, leaving 31% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $99k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hope for Nica Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within NH. Charities of a similar size with the same main cause include Boone County Education Foundation Inc ($99k), Eagle River Football Booster Club ($99k) and Creating Possibilities Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $44k against liabilities of $0, net assets of $44k.