New Hope Development Center Inc

Analysis

New Hope Development Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in September 1998, 28 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 Development Center Inc reported income of $124k and spending of $127k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $124k (-7.2%), an average of -7.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Development Center 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 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Thinktech Hawaii Inc ($124k), Hood River County Christmas Project ($124k) and Mercy House ($124k).

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 $47k against liabilities of $814, net assets of $46k.