Nu-Hope Elder Care Services Inc

Analysis

Nu-Hope Elder Care Services Inc is a registered charity in United States, based in Sebring, FL. It received its IRS tax-exemption ruling in October 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Nu-Hope Elder Care Services Inc reported income of $3.7m and spending of $3.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.7m (+81%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nu-Hope Elder Care Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Community Youth Network Inc ($3.7m), Personal Assistance Options ($3.7m) and Word of Life International Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $125k (4.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.4m against liabilities of $1.1m, net assets of $2.3m. It reported 59 employees.