Extremely low liabilities, indicating a healthy balance sheet and minimal debt.
Strong financial health with substantial reserves.
Spending Breakdown
How New Hope Shelter Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Hope Shelter Inc
Is New Hope Shelter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Shelter Inc (EIN: 205509503) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is New Hope Shelter Inc a good charity to donate to?
New Hope Shelter Inc has a Mission Score of 85/100. Revenue: $566K. Assets: $5.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hope Shelter Inc?
The Employer Identification Number (EIN) for New Hope Shelter Inc is 205509503. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Hope Shelter Inc spend its money?
New Hope Shelter Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hope Shelter Inc's tax-exempt status?
You can verify New Hope Shelter Inc's tax-exempt status using EIN 205509503 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Hope Shelter Inc. demonstrates a remarkable financial transformation, particularly in its most recent fiscal periods. After several years of relatively stable, albeit modest, operations with revenues around $150,000-$350,000 and expenses often exceeding revenue, the organization experienced an extraordinary surge in revenue in 2022 and 2023. Revenue jumped from $358,148 in 2021 to $2,413,959 in 2022 and further to $2,983,926 in 2023. This massive increase in funding has been accompanied by a significant accumulation of assets, growing from $245,841 in 2021 to over $5 million in 2023, while liabilities remain extremely low. This suggests strong financial health and capacity building.
However, a critical area for analysis is the spending efficiency relative to this new scale. In 2023, with nearly $3 million in revenue, total expenses were only $313,257. Similarly, in 2022, $2.4 million in revenue corresponded to $304,001 in expenses. This indicates a very low spending ratio relative to income, which could mean substantial funds are being accumulated rather than immediately deployed for programs. While asset growth is positive, the low expense-to-revenue ratio raises questions about the immediate utilization of these significantly increased resources for its mission. The organization reports 0% officer compensation, which is a positive indicator of volunteer leadership or very lean administrative costs, contributing to a perception of efficiency in that regard.