New Hope Foundation International

Analysis

New Hope Foundation International is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Hope Foundation International reported income of $310k and spending of $426k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $310k (-39%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Hope Foundation International sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within NV. Charities of a similar size with the same main cause include Omf Community Outreach ($310k), Hand N Hand Pregnancy Help Center ($310k) and Wfeh Incorporated ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $113k (26% of expenses). Other salaries and wages came to $89k. At year end it held assets of -$298k against liabilities of $433k, net assets of -$731k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.