New Hope Clinic Inc
EIN: 311614379 · Southport, NC · NTEE: E32
Is New Hope Clinic Inc 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 Clinic Inc
New Hope Clinic Inc (EIN: 311614379) is a nonprofit organization based in Southport, NC, classified under NTEE code E32. The organization reported total revenue of $809K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Clinic Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Clinic Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $875K |
| Total Expenses | $775K |
| Surplus / Deficit | +$99K |
| Total Assets | $1.3M |
| Total Liabilities | $68K |
| Net Assets | $1.2M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 19.6 months |
Financial Health Grade: A
In 2023, New Hope Clinic Inc reported a surplus of $99K with revenue exceeding expenses, holds 19.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hope Clinic Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.3% | +14.5% | +11.3% |
| 2022 | +31.2% | +2.7% | -1.1% |
| 2021 | -44.6% | -9.0% | -11.2% |
| 2020 | +66.5% | +36.4% | +16.8% |
| 2019 | +3.4% | +12.3% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope Clinic Inc 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 Clinic Inc 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 $99K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Frequently Asked Questions about New Hope Clinic Inc
Is New Hope Clinic Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope Clinic Inc (EIN: 311614379) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Hope Clinic Inc spend its money?
Detailed spending breakdown data is not yet available for New Hope Clinic Inc. Check back for updated IRS 990 analysis.
Are donations to New Hope Clinic Inc tax-deductible?
New Hope Clinic Inc is registered as a tax-exempt nonprofit (EIN: 311614379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Hope Clinic Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hope Clinic Inc's revenue has grown by 107.1%, moving from $422K to $875K. Total assets increased by 141% over the same period, from $525K to $1.3M. Total functional expenses rose by 153.5%, from $306K to $775K. In its most recent filing year (2023), New Hope Clinic Inc reported a surplus of $99K, with revenue exceeding expenses. The organization holds $68K in liabilities against $1.3M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $875K | $775K | $1.3M | $68K | — | — |
| 2022 | $656K | $677K | $1.1M | $39K | — | — |
| 2021 | $500K | $659K | $1.2M | $30K | — | — |
| 2020 | $902K | $725K | $1.3M | $17K | — | View 990 |
| 2019 | $542K | $531K | $1.1M | $8K | — | View 990 |
| 2018 | $524K | $473K | $1.1M | $15K | — | View 990 |
| 2017 | $502K | $403K | $1.1M | $11K | — | View 990 |
| 2016 | $407K | $369K | $995K | $55K | — | View 990 |
| 2015 | $455K | $372K | $1.0M | $141K | — | View 990 |
| 2014 | $440K | $345K | $1.1M | $243K | — | View 990 |
| 2013 | $434K | $290K | $1.1M | $351K | — | View 990 |
| 2012 | $357K | $298K | $887K | $307K | — | View 990 |
| 2011 | $422K | $306K | $525K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $875K, expenses of $775K, and assets of $1.3M (revenue +33.3% year-over-year).
- 2022: Revenue of $656K, expenses of $677K, and assets of $1.1M (revenue +31.2% year-over-year).
- 2021: Revenue of $500K, expenses of $659K, and assets of $1.2M (revenue -44.6% year-over-year).
- 2020: Revenue of $902K, expenses of $725K, and assets of $1.3M (revenue +66.5% year-over-year).
- 2019: Revenue of $542K, expenses of $531K, and assets of $1.1M (revenue +3.4% year-over-year).
- 2018: Revenue of $524K, expenses of $473K, and assets of $1.1M (revenue +4.4% year-over-year).
- 2017: Revenue of $502K, expenses of $403K, and assets of $1.1M (revenue +23.4% year-over-year).
- 2016: Revenue of $407K, expenses of $369K, and assets of $995K (revenue -10.5% year-over-year).
- 2015: Revenue of $455K, expenses of $372K, and assets of $1.0M (revenue +3.3% year-over-year).
- 2014: Revenue of $440K, expenses of $345K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2013: Revenue of $434K, expenses of $290K, and assets of $1.1M (revenue +21.4% year-over-year).
- 2012: Revenue of $357K, expenses of $298K, and assets of $887K (revenue -15.4% year-over-year).
- 2011: Revenue of $422K, expenses of $306K, and assets of $525K.
Data Sources and Methodology
This transparency report for New Hope Clinic Inc 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.