New Hope Opportunities Inc

Analysis

New Hope Opportunities Inc is a registered charity in United States, based in Roseville, CA. It received its IRS tax-exemption ruling in October 2004, 22 years ago. 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 Opportunities Inc reported income of $494k and spending of $487k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $494k (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Opportunities Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Byfield Housing for the Elderly Inc ($494k), St Vincent Parish Foundation ($494k) and New Life Bible Camp Inc ($494k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $412k against liabilities of $0, net assets of $412k.