New Hope Academy
EIN: 461597279 · Lehi, UT · NTEE: B28
| Metric | Value |
|---|---|
| Total Revenue | $581K |
| Total Expenses | $633K |
| Net Assets | $13K |
Is New Hope Academy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hope Academy
New Hope Academy (EIN: 461597279) is a nonprofit organization based in Lehi, UT, classified under NTEE code B28. The organization reported total revenue of $581K and total assets of $173K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Academy is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $528K |
| Total Expenses | $633K |
| Surplus / Deficit | $-105,742 |
| Total Assets | $175K |
| Total Liabilities | $162K |
| Net Assets | $13K |
| Operating Margin | -20.0% |
| Debt-to-Asset Ratio | 92.7% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, New Hope Academy reported a deficit of $106K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 92.7% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), New Hope Academy's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | +18.5% | -40.0% |
| 2022 | -1.6% | +17.2% | +8.3% |
| 2021 | +34.9% | +3.3% | +27.2% |
| 2020 | -18.3% | -4.6% | +102.5% |
| 2019 | -3.2% | +3.0% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope Academy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hope Academy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $106K, with expenses exceeding revenue.
- Debt-to-asset ratio: 92.7%.
Frequently Asked Questions about New Hope Academy
Is New Hope Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Academy (EIN: 461597279) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hope Academy spend its money?
Detailed spending breakdown data is not yet available for New Hope Academy. Check back for updated IRS 990 analysis.
Are donations to New Hope Academy tax-deductible?
New Hope Academy is registered as a tax-exempt nonprofit (EIN: 461597279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Academy located?
New Hope Academy is headquartered in Lehi, Utah and files with the IRS under EIN 461597279. It is classified under NTEE code B28.
How many years of IRS 990 filings does New Hope Academy have?
New Hope Academy has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $581K in total revenue.
Filing History
IRS 990 filing history for New Hope Academy showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), New Hope Academy's revenue has grown by 319.1%, moving from $126K to $528K. Total assets increased by 1386.4% over the same period, from $12K to $175K. Total functional expenses rose by 395.7%, from $128K to $633K. In its most recent filing year (2023), New Hope Academy reported a deficit of $106K, with expenses exceeding revenue. The organization holds $162K in liabilities against $175K in assets (debt-to-asset ratio: 92.7%), resulting in net assets of $13K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $528K | $633K | $175K | $162K | — | — |
| 2022 | $504K | $535K | $292K | $173K | — | View 990 |
| 2021 | $512K | $456K | $269K | $178K | — | View 990 |
| 2020 | $380K | $442K | $212K | $176K | — | View 990 |
| 2019 | $464K | $463K | $104K | $6K | — | View 990 |
| 2018 | $480K | $450K | $98K | $619 | — | View 990 |
| 2017 | $430K | $331K | $68K | $328 | — | View 990 |
| 2016 | $277K | $329K | $48K | $80K | — | View 990 |
| 2015 | $286K | $281K | $73K | $54K | — | View 990 |
| 2014 | $187K | $165K | $51K | $37K | — | View 990 |
| 2013 | $126K | $128K | $12K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $528K, expenses of $633K, and assets of $175K (revenue +4.8% year-over-year).
- 2022: Revenue of $504K, expenses of $535K, and assets of $292K (revenue -1.6% year-over-year).
- 2021: Revenue of $512K, expenses of $456K, and assets of $269K (revenue +34.9% year-over-year).
- 2020: Revenue of $380K, expenses of $442K, and assets of $212K (revenue -18.3% year-over-year).
- 2019: Revenue of $464K, expenses of $463K, and assets of $104K (revenue -3.2% year-over-year).
- 2018: Revenue of $480K, expenses of $450K, and assets of $98K (revenue +11.5% year-over-year).
- 2017: Revenue of $430K, expenses of $331K, and assets of $68K (revenue +55.4% year-over-year).
- 2016: Revenue of $277K, expenses of $329K, and assets of $48K (revenue -3.1% year-over-year).
- 2015: Revenue of $286K, expenses of $281K, and assets of $73K (revenue +52.7% year-over-year).
- 2014: Revenue of $187K, expenses of $165K, and assets of $51K (revenue +48.7% year-over-year).
- 2013: Revenue of $126K, expenses of $128K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Academy:
Data Sources and Methodology
This transparency report for New Hope Academy is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.