New Hope International Ministries Inc

Analysis

New Hope International Ministries Inc is a registered charity in United States, based in Danville, KY. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 International Ministries Inc reported income of $85k and spending of $90k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $85k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 118% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope International Ministries Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include McGod Inc ($85k), Iglesia Cristiana Pentecostes Jehova Shamma ($85k) and Main Street Crossing ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $105k against liabilities of $1,860, net assets of $103k.