New Hope Solebury Education Fund

Analysis

New Hope Solebury Education Fund is a registered charity in United States, based in New Hope, PA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Solebury Education Fund reported income of $172k and spending of $45k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $172k (+180%), an average of +180% a year. The sharpest change came in the year to December 2023, when income rose by 180%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Solebury Education Fund sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within PA. Charities of a similar size with the same main cause include Sequoia Parents Association ($172k), Detroit Public Library Friends Foundation Inc ($172k) and Hartland Cooperative Nursery School ($172k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.