New Hope II of Florence Inc

Analysis

New Hope II of Florence Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 II of Florence Inc reported income of $116k and spending of $102k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $93k to $116k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope II of Florence Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 46th percentile within SC. Charities of a similar size with the same main cause include Plant a Seed in Our Youth Foundation ($116k), Akichita Youth Athletic Academy Inc ($116k) and Psyches of Color ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $369k against liabilities of $474k, net assets of -$105k.