New Hope Baptist Church Va

Analysis

New Hope Baptist Church Va is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in October 1963, 63 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Baptist Church Va reported income of $417k and spending of $375k, spending 90% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $331k to $417k (+26%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 24%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Baptist Church Va sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Montana ($417k), Puget Sound Labor Agency Afl-Cio ($417k) and Kearsarge Elderly Housing Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Other salaries and wages came to $134k. At year end it held assets of $410k against liabilities of $4,520, net assets of $405k. It reported 4 employees.