New Hope House Northwest

Analysis

New Hope House Northwest is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, 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 House Northwest reported income of $742k and spending of $758k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $195k to $742k (+281%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 493%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope House Northwest sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Hands 2 Care ($742k), Trinity Presbyterian Schools Inc ($742k) and Independent Transportation Network Monterey County ($742k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $39k. At year end it held assets of $150k against liabilities of $0, net assets of $150k. It reported 2 employees.