New Hope Childrens Foundation Inc

Analysis

New Hope Childrens Foundation Inc is a registered charity in United States, based in Ennis, TX. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Hope Childrens Foundation Inc reported income of $72k and spending of $88k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $209k to $72k (-65%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Childrens Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($72k), North American Vexillological Association ($72k) and Edgartown Patrolmens Association Inc ($72k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,576 against liabilities of $0, net assets of $1,576.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.