New Hope Community Ministries A Nj Nonprofit Corp
New Hope Community Ministries shows consistent growth in revenue and assets with no reported officer compensation.
EIN: 202893390 · Prospect Park, NJ · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $988K |
| Transparency Score | 90/100 |
Is New Hope Community Ministries A Nj Nonprofit Corp 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 Ministries A Nj Nonprofit Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Community Ministries A Nj Nonprofit Corp
New Hope Community Ministries A Nj Nonprofit Corp (EIN: 202893390) is a nonprofit organization based in Prospect Park, NJ, classified under NTEE code K31. The organization reported total revenue of $1.5M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Community Ministries A Nj Nonprofit Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Community Ministries A Nj Nonprofit Corp is a mid-size nonprofit that has been operating for 14 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-59,549 |
| Total Assets | $1.8M |
| Total Liabilities | $818K |
| Net Assets | $988K |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 45.3% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2023, New Hope Community Ministries A Nj Nonprofit Corp reported a deficit of $60K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 45.3% (moderate leverage).
Financial Trends
Over 15 years of filings (2008–2023), New Hope Community Ministries A Nj Nonprofit Corp's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +36.1% | +108.6% |
| 2022 | +17.6% | +23.9% | +11.2% |
| 2021 | +7.7% | +28.2% | +16.6% |
| 2020 | +16.7% | +11.7% | +22.1% |
| 2019 | +40.4% | +2.4% | +21.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Ministries A Nj Nonprofit Corp with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Hope Community Ministries A Nj Nonprofit Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $60K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.3%.
Executive Compensation Analysis
New Hope Community Ministries consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer or compensated through non-officer categories, which is highly favorable for donor perception and resource allocation.
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 Ministries A Nj Nonprofit Corp's IRS 990 filings:
- Significant increase in liabilities in 2023 ($817,800) compared to previous years ($0 in 2021-2022), requiring further scrutiny.
Strengths
The following positive indicators were identified for New Hope Community Ministries A Nj Nonprofit Corp:
- Consistent and substantial revenue growth over the past decade, from $274,978 in 2014 to $1,073,853 in 2023.
- Strong asset growth, increasing from $352,620 in 2014 to $1,805,783 in 2023, indicating financial stability.
- 0% reported officer compensation across all available filings, demonstrating a high commitment to program spending.
- Generally low liabilities in most years, indicating sound financial management.
- Positive net assets trend, showing the organization is building its financial reserves.
Frequently Asked Questions about New Hope Community Ministries A Nj Nonprofit Corp
Is New Hope Community Ministries A Nj Nonprofit Corp a legitimate charity?
New Hope Community Ministries A Nj Nonprofit Corp (EIN: 202893390) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 15 years of IRS 990 filings on record. Total revenue: $1.5M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does New Hope Community Ministries A Nj Nonprofit Corp spend its money?
New Hope Community Ministries A Nj Nonprofit Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hope Community Ministries A Nj Nonprofit Corp tax-deductible?
New Hope Community Ministries A Nj Nonprofit Corp is registered as a tax-exempt nonprofit (EIN: 202893390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hope Community Ministries A Nj Nonprofit Corp's spending goes to programs?
New Hope Community Ministries A Nj Nonprofit Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hope Community Ministries A Nj Nonprofit Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Hope Community Ministries A Nj Nonprofit Corp is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope Community Ministries A Nj Nonprofit Corp located?
New Hope Community Ministries A Nj Nonprofit Corp is headquartered in Prospect Park, New Jersey and files with the IRS under EIN 202893390. It is classified under NTEE code K31.
How many years of IRS 990 filings does New Hope Community Ministries A Nj Nonprofit Corp have?
New Hope Community Ministries A Nj Nonprofit Corp has 15 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 $1.5M in total revenue.
Is New Hope Community Ministries a good charity?
Based on its consistent revenue and asset growth, 0% reported officer compensation, and sustained program delivery, New Hope Community Ministries appears to be a very good charity, effectively utilizing its resources for its mission.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $274,978 in 2014 to $1,073,853 in 2023, and assets growing from $352,620 to $1,805,783 over the same period, indicating strong financial health and increasing capacity.
What is the significance of 0% officer compensation?
0% officer compensation is a strong indicator of the organization's commitment to directing funds towards its programs rather than executive salaries, suggesting either volunteer leadership or compensation structured in a way that doesn't fall under 'officer compensation' on the 990.
Why did liabilities increase significantly in 2023?
In 2023, liabilities increased to $817,800 from $0 in the prior two years. This significant jump warrants further investigation to understand the nature of these liabilities (e.g., program-related debt, capital expenditures, or grants payable).
Filing History
IRS 990 filing history for New Hope Community Ministries A Nj Nonprofit Corp showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), New Hope Community Ministries A Nj Nonprofit Corp's revenue has grown by 732.9%, moving from $129K to $1.1M. Total assets increased by 2298.5% over the same period, from $75K to $1.8M. Total functional expenses rose by 774.9%, from $130K to $1.1M. In its most recent filing year (2023), New Hope Community Ministries A Nj Nonprofit Corp reported a deficit of $60K, with expenses exceeding revenue. The organization holds $818K in liabilities against $1.8M in assets (debt-to-asset ratio: 45.3%), resulting in net assets of $988K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $1.8M | $818K | — | — |
| 2022 | $921K | $833K | $866K | $0 | — | View 990 |
| 2021 | $783K | $672K | $778K | $0 | — | — |
| 2020 | $727K | $524K | $668K | $0 | — | View 990 |
| 2019 | $623K | $470K | $547K | $82K | — | View 990 |
| 2018 | $444K | $459K | $450K | $138K | — | View 990 |
| 2017 | $426K | $444K | $471K | $144K | — | View 990 |
| 2016 | $484K | $392K | $494K | $150K | — | View 990 |
| 2015 | $353K | $298K | $403K | $156K | — | View 990 |
| 2014 | $275K | $232K | $353K | $161K | — | View 990 |
| 2013 | $194K | $162K | $314K | $166K | — | View 990 |
| 2012 | $162K | $152K | $294K | $178K | — | View 990 |
| 2011 | $181K | $172K | $288K | $182K | — | — |
| 2009 | $165K | $174K | $256K | $189K | — | — |
| 2008 | $129K | $130K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.8M (revenue +16.6% year-over-year).
- 2022: Revenue of $921K, expenses of $833K, and assets of $866K (revenue +17.6% year-over-year).
- 2021: Revenue of $783K, expenses of $672K, and assets of $778K (revenue +7.7% year-over-year).
- 2020: Revenue of $727K, expenses of $524K, and assets of $668K (revenue +16.7% year-over-year).
- 2019: Revenue of $623K, expenses of $470K, and assets of $547K (revenue +40.4% year-over-year).
- 2018: Revenue of $444K, expenses of $459K, and assets of $450K (revenue +4.1% year-over-year).
- 2017: Revenue of $426K, expenses of $444K, and assets of $471K (revenue -11.9% year-over-year).
- 2016: Revenue of $484K, expenses of $392K, and assets of $494K (revenue +37.0% year-over-year).
- 2015: Revenue of $353K, expenses of $298K, and assets of $403K (revenue +28.5% year-over-year).
- 2014: Revenue of $275K, expenses of $232K, and assets of $353K (revenue +41.6% year-over-year).
- 2013: Revenue of $194K, expenses of $162K, and assets of $314K (revenue +19.8% year-over-year).
- 2012: Revenue of $162K, expenses of $152K, and assets of $294K (revenue -10.3% year-over-year).
- 2011: Revenue of $181K, expenses of $172K, and assets of $288K (revenue +9.3% year-over-year).
- 2009: Revenue of $165K, expenses of $174K, and assets of $256K (revenue +28.3% year-over-year).
- 2008: Revenue of $129K, expenses of $130K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Community Ministries A Nj Nonprofit Corp:
Data Sources and Methodology
This transparency report for New Hope Community Ministries A Nj Nonprofit Corp 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.