New Hope Rising Inc

Analysis

New Hope Rising Inc is a registered charity in United States, based in Westhampton Beach, NY. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Rising Inc reported income of $1.4m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $571k to $1.4m (+138%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hope Rising Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include White Horse Addiction Center Inc ($1.4m), Community Access Services of Wny Inc ($1.4m) and Mennonite Dental Clinic Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $476k. At year end it held assets of $311k against liabilities of $418k, net assets of -$106k. It reported 21 employees.