Operation New Hope

Analysis

Operation New Hope is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Operation New Hope reported income of $9.1m and spending of $9.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $9.1m (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Operation New Hope sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include Corporation for Better Housing ($9.1m), Northwest Coastal Housing ($9.1m) and Christian Community Action ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $490k (5.4% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $5.1m against liabilities of $1.4m, net assets of $3.7m. It reported 87 employees.