New Hope Ministries of Saint Augustine Inc

Analysis

New Hope Ministries of Saint Augustine Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministries of Saint Augustine Inc reported income of $235k and spending of $175k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $156k to $235k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope Ministries of Saint Augustine Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Border Buddies Ministries Inc ($235k), Kingdom Authority Ministries Inc ($236k) and Al-Madinah Community Center ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $81k (46% of expenses). At year end it held assets of $93k against liabilities of $0, net assets of $93k.