New Foundation House of Hope Inc

Analysis

New Foundation House of Hope Inc is a registered charity in United States, based in Callahan, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation House of Hope Inc reported income of $211k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $211k (+163%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 0.0% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Foundation House of Hope Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Bridge to Hope Inc ($211k), Re Gen Er Ate ($211k) and Cochran County Senior Citizens Association Inc ($211k).

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 $320k against liabilities of $0, net assets of $320k.