New Hope Child Care
EIN: 301207451 · Duluth, MN · NTEE: B21
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $316K |
| Net Assets | $85K |
Is New Hope Child Care 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 Child Care
New Hope Child Care (EIN: 301207451) is a nonprofit organization based in Duluth, MN, classified under NTEE code B21. The organization reported total revenue of $423K and total assets of $68K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Child Care's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Child Care is a small nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $400K |
| Total Expenses | $316K |
| Surplus / Deficit | +$85K |
| Total Assets | $115K |
| Total Liabilities | $30K |
| Net Assets | $85K |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 25.9% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2023, New Hope Child Care reported a surplus of $85K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 25.9% (moderate leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope Child Care 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 Child Care 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 surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.9%.
Frequently Asked Questions about New Hope Child Care
Is New Hope Child Care a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Child Care (EIN: 301207451) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hope Child Care spend its money?
Detailed spending breakdown data is not yet available for New Hope Child Care. Check back for updated IRS 990 analysis.
Are donations to New Hope Child Care tax-deductible?
New Hope Child Care is registered as a tax-exempt nonprofit (EIN: 301207451). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Child Care located?
New Hope Child Care is headquartered in Duluth, Minnesota and files with the IRS under EIN 301207451. It is classified under NTEE code B21.
Filing History
IRS 990 filing history for New Hope Child Care showing financial trends over 1 year of public records:
In its most recent filing year (2023), New Hope Child Care reported a surplus of $85K, with revenue exceeding expenses. The organization holds $30K in liabilities against $115K in assets (debt-to-asset ratio: 25.9%), resulting in net assets of $85K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $400K | $316K | $115K | $30K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Child Care:
Data Sources and Methodology
This transparency report for New Hope Child Care 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.