New Hope for Kids

Analysis

New Hope for Kids is a registered charity in United States, based in Maitland, FL. It received its IRS tax-exemption ruling in June 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, New Hope for Kids reported income of $1.2m and spending of $1.2m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.2m (-34%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 88% 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 for Kids sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include North Central Connecticut Emergency Medical Services Council Inc ($1.2m), Mill Neck Foundation Inc ($1.2m) and West Georgia Health Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 3.9% of the total. Other salaries and wages came to $525k. At year end it held assets of $5.9m against liabilities of $24k, net assets of $5.9m. It reported 17 employees.