New Hope Philly Inc

Analysis

New Hope Philly Inc is a registered charity in United States, based in Philadelphia, PA. 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 Philly Inc reported income of $289k and spending of $281k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $289k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 82% 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 Philly Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Nelson County Community Clinic Inc ($289k), Synaptic Institute Inc ($289k) and Breath-Body-Mind Foundation Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.1% of the total. Other salaries and wages came to $108k. At year end it held assets of $446k against liabilities of $6,283, net assets of $440k. It reported 2 employees.