New Hope Farms

Analysis

New Hope Farms is a registered charity in United States, based in Goldendale, WA. It received its IRS tax-exemption ruling in November 1978, 48 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, New Hope Farms reported income of $1.1m and spending of $755k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $837k to $1.1m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Hope Farms sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WA. Charities of a similar size with the same main cause include Sheltering a Nation Inc ($1.1m), Elmhurst Cemetery ($1.1m) and Living Waters Bible Camp Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 90% of the total. Other salaries and wages came to $423k. At year end it held assets of $2.9m against liabilities of $5,411, net assets of $2.9m. It reported 15 employees.