New Hope Community Inc
New Hope Community Inc: Strong Program Spending, but Transparency Lacking
EIN: 222871755 · Loch Sheldrke, NY · NTEE: P700 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $79.3M |
| Total Expenses | $60.8M |
| Program Spending | 97% |
| CEO/Top Officer Pay | $280,000. |
| Net Assets | $48.1M |
| Transparency Score | 85/100 |
Is New Hope Community Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hope Community Inc directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Community Inc
New Hope Community Inc (EIN: 222871755) is a nonprofit organization based in Loch Sheldrke, NY, classified under NTEE code P700. The organization reported total revenue of $79.3M and total assets of $71.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Community Inc is a major nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62.5M |
| Total Expenses | $60.8M |
| Surplus / Deficit | +$1.8M |
| Total Assets | $61.8M |
| Total Liabilities | $13.7M |
| Net Assets | $48.1M |
| Operating Margin | 2.9% |
| Debt-to-Asset Ratio | 22.2% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, New Hope Community Inc reported a surplus of $1.8M with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 22.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hope Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.7% | -0.4% | +4.6% |
| 2022 | +26.8% | +30.1% | +4.1% |
| 2021 | +0.9% | +1.4% | +2.0% |
| 2020 | +19.2% | +12.7% | +10.2% |
| 2019 | +1.7% | +4.2% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hope Community Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 97%
- fundraising: 0%
According to IRS 990 filings, New Hope Community Inc allocates its expenses as follows: admin: 3%, programs: 97%, fundraising: 0%. With 97% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 22.2%.
Executive Compensation Analysis
Executive compensation details are not publicly disclosed on their website, making it difficult to assess fairness relative to the organization's size and mission. Based on available Form 990 data, the highest compensated individual in 2022 received $280,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of New Hope Community Inc's IRS 990 filings:
- Lack of easily accessible detailed financial reports and program impact data on their website.
- Absence of a clear executive compensation policy or disclosure on their public platforms.
Strengths
The following positive indicators were identified for New Hope Community Inc:
- Consistently high percentage of expenses dedicated to programs (97% in 2023).
- Significant revenue growth from $39.8M in 2017 to $62.5M in 2023, indicating strong support.
- Healthy asset base of $61.7M in 2023, providing financial stability.
Frequently Asked Questions about New Hope Community Inc
Is New Hope Community Inc a legitimate charity?
New Hope Community Inc (EIN: 222871755) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $79.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Hope Community Inc spend its money?
New Hope Community Inc directs 97% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to New Hope Community Inc tax-deductible?
New Hope Community Inc is registered as a tax-exempt nonprofit (EIN: 222871755). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Hope Community Inc CEO make?
New Hope Community Inc's highest-compensated officer earns $280,000. annually. The organization reported $79.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does New Hope Community Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Hope Community Inc is above average for NTEE category P700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope Community Inc located?
New Hope Community Inc is headquartered in Loch Sheldrke, New York and files with the IRS under EIN 222871755. It is classified under NTEE code P700.
How many years of IRS 990 filings does New Hope Community Inc have?
New Hope Community Inc has 13 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 $79.3M in total revenue.
What does New Hope Community Inc do?
New Hope Community Inc is a nonprofit organization in the Human Services sector, located in Loch Sheldrke, New York. It is classified under NTEE code P700.
How much revenue does New Hope Community Inc have?
New Hope Community Inc reported total revenue of $79,328,235. Based on 13 IRS 990 filings on record.
What are New Hope Community Inc's total assets?
New Hope Community Inc holds total assets of $71,299,313 as reported in IRS 990 filings.
Where is New Hope Community Inc located?
New Hope Community Inc is based in Loch Sheldrke, New York.
What is New Hope Community Inc's EIN?
New Hope Community Inc's Employer Identification Number (EIN) is 222871755. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Hope Community Inc?
New Hope Community Inc is classified under NTEE code P700 (Human Services).
Is New Hope Community Inc a registered 501(c)(3)?
Yes, New Hope Community Inc is recognized as a tax-exempt organization by the IRS. EIN: 222871755.
Does New Hope Community Inc file IRS Form 990?
Yes, New Hope Community Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Hope Community Inc's revenue in 2023?
In the 202312 filing period, New Hope Community Inc reported total revenue of $62,537,710, total expenses of $60,754,749, and net assets of $61,795,260.
Is New Hope Community Inc's revenue growing or declining?
New Hope Community Inc's revenue is relatively stable. Revenue went from $64,277,874 (202212) to $62,537,710 (202312), a -2.7% change. Based on 13 filings on record.
What is New Hope Community Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Hope Community Inc covers tax period 202312. It shows revenue of $62,537,710, expenses of $60,754,749, total assets of $61,795,260, and liabilities of $13,727,012.
How much does New Hope Community Inc spend on programs vs administration?
Based on IRS 990 analysis, New Hope Community Inc allocates approximately 97% of expenses to program services, 3% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is New Hope Community Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Hope Community Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for New Hope Community Inc?
The following concerns were identified: Lack of easily accessible detailed financial reports and program impact data on their website.. Absence of a clear executive compensation policy or disclosure on their public platforms.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Hope Community Inc's strengths?
Positive indicators for New Hope Community Inc include: Consistently high percentage of expenses dedicated to programs (97% in 2023).. Significant revenue growth from $39.8M in 2017 to $62.5M in 2023, indicating strong support.. Healthy asset base of $61.7M in 2023, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does New Hope Community Inc compensate executives?
Executive compensation details are not publicly disclosed on their website, making it difficult to assess fairness relative to the organization's size and mission. Based on available Form 990 data, the highest compensated individual in 2022 received $280,000. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial revenue and asset growth, what specific strategies has New Hope Community Inc implemented to maintain such a high program spending ratio?
The consistent allocation of nearly all expenses to programs suggests highly efficient operational management and potentially a lean administrative structure, allowing resources to be directly channeled to beneficiaries despite significant growth.
How does New Hope Community Inc ensure accountability and impact measurement for its programs, given the limited public disclosure of specific outcome metrics?
While not publicly detailed, the organization likely employs internal tracking and reporting mechanisms to assess program effectiveness, which could be enhanced by making summary impact reports accessible to the public.
Filing History
IRS 990 filing history for New Hope Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hope Community Inc's revenue has grown by 84.6%, moving from $33.9M to $62.5M. Total assets increased by 79.8% over the same period, from $34.4M to $61.8M. Total functional expenses rose by 95.1%, from $31.1M to $60.8M. In its most recent filing year (2023), New Hope Community Inc reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $13.7M in liabilities against $61.8M in assets (debt-to-asset ratio: 22.2%), resulting in net assets of $48.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62.5M | $60.8M | $61.8M | $13.7M | — | — |
| 2022 | $64.3M | $61.0M | $59.1M | $14.4M | — | — |
| 2021 | $50.7M | $46.9M | $56.7M | $12.9M | — | View 990 |
| 2020 | $50.3M | $46.2M | $55.6M | $15.8M | — | — |
| 2019 | $42.2M | $41.0M | $50.5M | $17.8M | — | View 990 |
| 2018 | $41.5M | $39.4M | $42.9M | $12.5M | — | View 990 |
| 2017 | $39.8M | $37.4M | $39.6M | $10.8M | — | View 990 |
| 2016 | $42.0M | $36.1M | $36.5M | $10.2M | — | View 990 |
| 2015 | $35.5M | $34.7M | $33.3M | $13.1M | — | View 990 |
| 2014 | $35.1M | $35.4M | $31.9M | $12.2M | — | View 990 |
| 2013 | $34.2M | $33.7M | $32.0M | $12.0M | — | View 990 |
| 2012 | $33.1M | $32.8M | $32.6M | $12.7M | — | View 990 |
| 2011 | $33.9M | $31.1M | $34.4M | $15.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62.5M, expenses of $60.8M, and assets of $61.8M (revenue -2.7% year-over-year).
- 2022: Revenue of $64.3M, expenses of $61.0M, and assets of $59.1M (revenue +26.8% year-over-year).
- 2021: Revenue of $50.7M, expenses of $46.9M, and assets of $56.7M (revenue +0.9% year-over-year).
- 2020: Revenue of $50.3M, expenses of $46.2M, and assets of $55.6M (revenue +19.2% year-over-year).
- 2019: Revenue of $42.2M, expenses of $41.0M, and assets of $50.5M (revenue +1.7% year-over-year).
- 2018: Revenue of $41.5M, expenses of $39.4M, and assets of $42.9M (revenue +4.1% year-over-year).
- 2017: Revenue of $39.8M, expenses of $37.4M, and assets of $39.6M (revenue -5.1% year-over-year).
- 2016: Revenue of $42.0M, expenses of $36.1M, and assets of $36.5M (revenue +18.4% year-over-year).
- 2015: Revenue of $35.5M, expenses of $34.7M, and assets of $33.3M (revenue +1.0% year-over-year).
- 2014: Revenue of $35.1M, expenses of $35.4M, and assets of $31.9M (revenue +2.6% year-over-year).
- 2013: Revenue of $34.2M, expenses of $33.7M, and assets of $32.0M (revenue +3.4% year-over-year).
- 2012: Revenue of $33.1M, expenses of $32.8M, and assets of $32.6M (revenue -2.2% year-over-year).
- 2011: Revenue of $33.9M, expenses of $31.1M, and assets of $34.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Community Inc:
Data Sources and Methodology
This transparency report for New Hope Community 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.