New Hope Eurasia Inc

Analysis

New Hope Eurasia Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in June 2014, 12 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 2022, New Hope Eurasia Inc reported income of $1.5m and spending of $634k, leaving 56% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $373k to $1.5m (+291%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 268%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Eurasia Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Authentic Word Ministries Zion Temple Celebration Center ($1.5m), Bridge Ministries of Bryan Texas ($1.5m) and India Gospel Outreach ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $966k against liabilities of $0, net assets of $966k.