Operation New Hope

Analysis

Operation New Hope is a registered charity in United States, based in SN Bernrdno, CA. It received its IRS tax-exemption ruling in June 1982, 44 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 June 2023, Operation New Hope reported income of $1.3m and spending of $1.7m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $479k to $1.3m (+175%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Operation New Hope sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Food for Kids Incorporated ($1.3m), Trousdale School Inc ($1.3m) and New Bethlehem Community Center Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $65k (3.9% of expenses). Other salaries and wages came to $813k. At year end it held assets of $352k against liabilities of $70k, net assets of $282k. It reported 25 employees.