Partners 4 New Hope Inc

Analysis

Partners 4 New Hope Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2022, Partners 4 New Hope Inc reported income of $319k and spending of $305k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $271k to $319k (+18%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners 4 New Hope Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Crisis Food Center Inc ($319k), Perfection Children Services ($319k) and Professional Firefighters of Massachusetts Charitable Trust ($319k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.