New Hope Correctional Ministry

New Hope Correctional Ministry maintains stable finances with no reported officer compensation, though 2023 saw expenses exceed revenue.

EIN: 205721504 · Hanson, MA · NTEE: X99 · Updated: 2026-03-28

$353KRevenue

$448KAssets

88/100Mission Score (Excellent)

X99

About New Hope Correctional Ministry

New Hope Correctional Ministry (EIN: 205721504) is a nonprofit organization based in Hanson, MA, classified under NTEE code X99. The organization reported total revenue of $353K and total assets of $448K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Correctional Ministry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New Hope Correctional Ministry demonstrates consistent financial activity, with revenues generally exceeding expenses in most recent years, contributing to a steady growth in assets. For instance, in 2022, revenue was $266,659 against expenses of $242,455, leading to an increase in assets to $442,545. However, the latest filing for 2023 shows expenses ($275,336) exceeding revenue ($239,484), resulting in a slight decrease in assets. The organization maintains a very low liability profile, indicating sound financial management and minimal debt burden.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards operational costs and program delivery rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficiency. The consistent asset growth over the years, from $172,027 in 2015 to $448,159 currently, further supports a picture of responsible financial stewardship.

Transparency is high regarding executive compensation, as the 0% reported officer compensation is a clear and positive signal. The consistent filing of IRS Form 990s over 13 periods also indicates a commitment to regulatory compliance and public disclosure. The organization's financial health appears stable, though the recent dip in net assets in 2023 warrants monitoring to ensure it's an anomaly rather than a trend.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Hope Correctional Ministry with a Mission Score of 88 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 Correctional Ministry 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean operational structure.

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 Correctional Ministry's IRS 990 filings:

Expenses exceeded revenue in the latest fiscal year (2023), leading to a decrease in assets from $442,545 to $412,311.

Strengths

The following positive indicators were identified for New Hope Correctional Ministry:

Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in resource allocation.
Strong historical asset growth, from $172,027 in 2015 to $448,159 currently, demonstrating financial stability.
Very low liabilities reported across all periods, indicating minimal debt and sound financial management.
Consistent IRS 990 filing history over 13 periods, demonstrating transparency and compliance.

Frequently Asked Questions about New Hope Correctional Ministry

Is New Hope Correctional Ministry a good charity?

Based on the available financial data, New Hope Correctional Ministry appears to be a good charity. It consistently reports 0% officer compensation, indicating that funds are not used for executive salaries, and has a history of asset growth. The organization maintains low liabilities, suggesting responsible financial management.

How does New Hope Correctional Ministry manage its executive compensation?

New Hope Correctional Ministry reports 0% officer compensation across all 13 available filings, meaning no salaries or benefits are paid to its officers. This is a significant indicator of a volunteer-driven leadership model.

What is the trend in New Hope Correctional Ministry's assets?

New Hope Correctional Ministry has shown a consistent trend of asset growth, increasing from $172,027 in 2015 to $448,159 currently. While there was a slight decrease in assets from $442,545 in 2022 to $412,311 in 2023, the overall trend over the past decade is positive.

Did New Hope Correctional Ministry operate at a deficit in its latest fiscal year?

Yes, in its latest fiscal year (Period 202312), New Hope Correctional Ministry reported expenses of $275,336 against revenues of $239,484, indicating a deficit for that period.

Filing History

IRS 990 filing history for New Hope Correctional Ministry showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New Hope Correctional Ministry's revenue has grown by 13.9%, moving from $210K to $239K. Total assets increased by 309% over the same period, from $101K to $412K. Total functional expenses rose by 40%, from $197K to $275K. In its most recent filing year (2023), New Hope Correctional Ministry reported a deficit of $36K, with expenses exceeding revenue. The organization holds $3K in liabilities against $412K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $410K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$239K	$275K	$412K	$3K	—	—
2022	$267K	$242K	$443K	$1K	—	—
2021	$239K	$179K	$432K	$2K	—	View 990
2020	$234K	$177K	$361K	$641	—	—
2019	$234K	$173K	$303K	$2K	—	View 990
2018	$249K	$235K	$238K	$6K	—	View 990
2017	$238K	$238K	$228K	$5K	—	View 990
2016	$288K	$245K	$220K	$2K	—	View 990
2015	$229K	$220K	$172K	$1K	—	View 990
2014	$246K	$220K	$168K	$1K	—	View 990
2013	$235K	$215K	$142K	$2K	—	View 990
2012	$230K	$203K	$125K	$4K	—	View 990
2011	$210K	$197K	$101K	$6K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $239K, expenses of $275K, and assets of $412K (revenue -10.2% year-over-year).
2022: Revenue of $267K, expenses of $242K, and assets of $443K (revenue +11.4% year-over-year).
2021: Revenue of $239K, expenses of $179K, and assets of $432K (revenue +2.1% year-over-year).
2020: Revenue of $234K, expenses of $177K, and assets of $361K (revenue +0.3% year-over-year).
2019: Revenue of $234K, expenses of $173K, and assets of $303K (revenue -6.3% year-over-year).
2018: Revenue of $249K, expenses of $235K, and assets of $238K (revenue +4.6% year-over-year).
2017: Revenue of $238K, expenses of $238K, and assets of $228K (revenue -17.2% year-over-year).
2016: Revenue of $288K, expenses of $245K, and assets of $220K (revenue +25.5% year-over-year).
2015: Revenue of $229K, expenses of $220K, and assets of $172K (revenue -6.8% year-over-year).
2014: Revenue of $246K, expenses of $220K, and assets of $168K (revenue +5.0% year-over-year).
2013: Revenue of $235K, expenses of $215K, and assets of $142K (revenue +2.1% year-over-year).
2012: Revenue of $230K, expenses of $203K, and assets of $125K (revenue +9.2% year-over-year).
2011: Revenue of $210K, expenses of $197K, and assets of $101K.

Data Sources and Methodology

This transparency report for New Hope Correctional Ministry 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.