New Hope C O R P S Inc

Analysis

New Hope C O R P S Inc is a registered charity in United States, based in Homestead, FL. It received its IRS tax-exemption ruling in December 1993, 33 years ago. Its declared purposes cover mental health and crisis intervention, 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 September 2023, New Hope C O R P S Inc reported income of $8.1m and spending of $6.4m, leaving 21% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $3.2m to $8.1m (+155%), an average of +36% a year. The sharpest change came in the year to September 2021, when income rose by 40%. Over the whole period it spent 76% 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 C O R P S Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within FL. Charities of a similar size with the same main cause include My Brothers Keeper Inc ($8.1m), Community Health Foundation Inc ($8.1m) and American Society for Transplantation & Cellular Therapy ($8.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.4m. At year end it held assets of $8.4m against liabilities of $1.2m, net assets of $7.3m.