New Hope for the World

Analysis

New Hope for the World is a registered charity in United States, based in Bothell, WA. It received its IRS tax-exemption ruling in May 2021, 5 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 for the World reported income of $221k and spending of $76k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $370k to $221k (-40%), an average of -23% a year. The sharpest change came in the year to December 2022, when income dropped by 34%. Over the whole period it spent 34% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Hope for the World sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Iskcon Online Inc ($221k), Redeemed Outreach Community Development Corporation ($221k) and Peru Projects Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $8,232 (11% of expenses). Other salaries and wages came to $7,585. At year end it held assets of $598k against liabilities of $0, net assets of $598k.