New Hope Housing Inc

Analysis

New Hope Housing Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in January 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, New Hope Housing Inc reported income of $11.8m and spending of $12.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.9m to $11.8m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Housing Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Habitat for Humanity Tucson Inc ($11.7m), HFCC Inc ($11.8m) and Acts Community Development Corporation ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 69% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $4.7m against liabilities of $2.4m, net assets of $2.3m. It reported 277 employees.