New Hope Rescue Inc

Analysis

New Hope Rescue Inc is a registered charity in United States, based in Opelika, AL. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Rescue Inc reported income of $217k and spending of $204k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $234k to $217k (-7.2%), an average of -7.2% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Rescue Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within AL. Charities of a similar size with the same main cause include Songcatchers Inc ($217k), Guardian Friend Associates Inc ($217k) and The Family Literacy Academy at Lake Wales Inc ($217k).

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 $46k against liabilities of $0, net assets of $46k.