Journey for New Hope

Analysis

Journey for New Hope is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in December 2023, 3 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, Journey for New Hope reported income of $279k and spending of $87k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $103k to $279k (+171%), an average of +171% a year. The sharpest change came in the year to December 2023, when income rose by 171%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Journey for New Hope sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Christians in Alliance Inc ($279k), F a M International ($279k) and Jerry Spencer Ministries Inc ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $223k against liabilities of $0, net assets of $223k.