New Hope for Guatemala Incorporated

Analysis

New Hope for Guatemala Incorporated is a registered charity in United States, based in Oak Grove, AR. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 for Guatemala Incorporated reported income of $195k and spending of $195k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $175k to $195k (+11%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Hope for Guatemala Incorporated sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within AR. Charities of a similar size with the same main cause include City District Inc ($195k), Omni Family Health Community Foundation ($195k) and Neighborhood Care Center Inc ($195k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,040 against liabilities of $0, net assets of $5,040.