New Hope Center Inc

Analysis

New Hope Center Inc is a registered charity in United States, based in Crestview HLS, KY. It received its IRS tax-exemption ruling in April 1992, 34 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, New Hope Center Inc reported income of $925k and spending of $793k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $603k to $925k (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Organic Farmers Association ($924k), University Young Womens Christian Association Berkeley California ($925k) and Family Counseling Services of Northern Illinois ($924k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $64k (8.0% of expenses). Other salaries and wages came to $274k. At year end it held assets of $951k against liabilities of $70k, net assets of $882k. It reported 21 employees.