Newborn Hope Incorporated

Analysis

Newborn Hope Incorporated is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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, Newborn Hope Incorporated reported income of $148k and spending of $157k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $155k to $148k (-4.4%), an average of -1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newborn Hope Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within CO. Charities of a similar size with the same main cause include Studio Players ($148k), 2nd Chance Outreach Ministries ($148k) and Elementary School Heads Association ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $50k (32% of expenses). Other salaries and wages came to $20k. At year end it held assets of $451k against liabilities of $1,700, net assets of $449k. It reported 2 employees.