New Hope Housing Inc

Analysis

New Hope Housing Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1993, 33 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 (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 2022, New Hope Housing Inc reported income of $4.7m and spending of $4.4m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $12.5m to $4.7m (-62%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 35% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Hope Housing Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Camfield Tenants Association Inc ($4.7m), WRC Health Care Support Services ($4.8m) and Turnstone Development Corporation ($4.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 75% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $536k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $68.5m against liabilities of $8.5m, net assets of $60.1m. It reported 175 employees.