New Hope Ministries

Analysis

New Hope Ministries is a registered charity in United States, based in Heflin, AL. It received its IRS tax-exemption ruling in September 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 Ministries reported income of $185k and spending of $124k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $185k (+4.8%), an average of +4.8% a year. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Ministries sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within AL. Charities of a similar size with the same main cause include Debre Menkirat Kidus Amanuel and Rufael Ethiopian Orthodox Tewahedo ($185k), Royal Ranch Church and Ministries Inc ($185k) and Evergreen Community School Foundation ($185k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $103k against liabilities of $0, net assets of $103k.