New Hope Educational Foundation Inc

Analysis

New Hope Educational Foundation Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in June 1996, 30 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Educational Foundation Inc reported income of $51k and spending of $21k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $51k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 26% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Hope Educational Foundation Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within AZ. Charities of a similar size with the same main cause include Lincoln Health System Inc ($51k), Carlinville Area Hospital Foundation ($51k) and Our Promise to Nicholas Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.