New Hope Community Development Corporation

Analysis

New Hope Community Development Corporation is a registered charity in United States, based in Woodland, CA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Hope Community Development Corporation reported income of $666k and spending of $494k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $667k to $666k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Community Development Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Acadia Housing Inc ($665k), Texas Housing Association ($666k) and Harmony House Inc ($665k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 98% of the total. At year end it held assets of $3.3m against liabilities of $2.0m, net assets of $1.3m.