New Hope Vocational Technical Institute Inc

Analysis

New Hope Vocational Technical Institute Inc is a registered charity in United States, based in Fort Pierce, FL. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2020, New Hope Vocational Technical Institute Inc reported income of $187k and spending of $178k, spending 96% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $321k to $187k (-42%), an average of -42% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Vocational Technical Institute Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Mount Olive Bible Institute and Seminary Inc ($187k), Portage County Business Council Foundation Inc ($187k) and District Foxtrot of the Clemson Alumni Association ($187k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $414k against liabilities of $0, net assets of $414k.