New Hope Resource Center

Analysis

New Hope Resource Center is a registered charity in United States, based in Colbert, WA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Hope Resource Center reported income of $394k and spending of $470k, spending 119% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $221k to $394k (+78%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 70%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Hope Resource Center sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include Lake Area Citizens Advisory Board Inc ($394k), Capital Region Family Businesscenter ($395k) and Old Town Association ($394k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $55k (12% of expenses). At year end it held assets of $69k against liabilities of $2,297, net assets of $66k. It reported 3 employees.