New Hope Development Day Care Center Inc
New Hope Development Day Care Center: Consistent Growth, High Program Spending, but Limited Transparency
EIN: 222037226 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $956K |
| Total Expenses | $772K |
| Program Spending | 90% |
| Net Assets | $675K |
| Transparency Score | 85/100 |
Is New Hope Development Day Care Center 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 Development Day Care Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Development Day Care Center Inc
New Hope Development Day Care Center Inc (EIN: 222037226) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $956K and total assets of $699K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Development Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Development Day Care Center Inc is a small nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $928K |
| Total Expenses | $772K |
| Surplus / Deficit | +$156K |
| Total Assets | $675K |
| Net Assets | $675K |
| Operating Margin | 16.8% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, New Hope Development Day Care Center Inc reported a surplus of $156K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), New Hope Development Day Care Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.8% | +8.8% | +30.1% |
| 2022 | +23.7% | +39.9% | +11.2% |
| 2021 | +11.6% | +2.4% | +30.3% |
| 2020 | -3.7% | -2.6% | +17.7% |
| 2019 | +13.5% | +13.8% | +26.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1975 |
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 Development Day Care Center 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, New Hope Development Day Care Center Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $156K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for key employees were provided in the available data.
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 Development Day Care Center Inc's IRS 990 filings:
- Lack of detailed breakdown for administrative and fundraising expenses within the provided data makes it difficult to fully evaluate efficiency.
- The provided data does not include information on executive compensation, which is a key aspect of financial transparency.
Strengths
The following positive indicators were identified for New Hope Development Day Care Center Inc:
- Consistently high percentage of expenses allocated to programs (approximately 90% based on total expenses vs. revenue).
- Demonstrates consistent revenue growth from $434,039 in 2017 to $927,837 in 2023.
- Healthy asset growth from $182,944 in 2017 to $675,340 in 2023, indicating financial stability.
- Minimal reported liabilities ($0 in recent years) suggests strong financial management.
Frequently Asked Questions about New Hope Development Day Care Center Inc
Is New Hope Development Day Care Center Inc a legitimate charity?
New Hope Development Day Care Center Inc (EIN: 222037226) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $956K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New Hope Development Day Care Center Inc spend its money?
New Hope Development Day Care Center Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hope Development Day Care Center Inc tax-deductible?
New Hope Development Day Care Center Inc is registered as a tax-exempt nonprofit (EIN: 222037226). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hope Development Day Care Center Inc's spending goes to programs?
New Hope Development Day Care Center Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Hope Development Day Care Center Inc located?
New Hope Development Day Care Center Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 222037226.
How many years of IRS 990 filings does New Hope Development Day Care Center Inc have?
New Hope Development Day Care Center Inc has 12 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 $956K in total revenue.
What does New Hope Development Day Care Center Inc do?
New Hope Development Day Care Center Inc is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Hope Development Day Care Center Inc have?
New Hope Development Day Care Center Inc reported total revenue of $956,103. Based on 12 IRS 990 filings on record.
What are New Hope Development Day Care Center Inc's total assets?
New Hope Development Day Care Center Inc holds total assets of $698,899 as reported in IRS 990 filings.
Where is New Hope Development Day Care Center Inc located?
New Hope Development Day Care Center Inc is based in Newark, New Jersey.
What is New Hope Development Day Care Center Inc's EIN?
New Hope Development Day Care Center Inc's Employer Identification Number (EIN) is 222037226. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Hope Development Day Care Center Inc?
New Hope Development Day Care Center Inc is classified under NTEE code Unknown (Unknown).
Is New Hope Development Day Care Center Inc a registered 501(c)(3)?
New Hope Development Day Care Center Inc appears in IRS records (EIN: 222037226). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Hope Development Day Care Center Inc file IRS Form 990?
Yes, New Hope Development Day Care Center Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was New Hope Development Day Care Center Inc's revenue in 2023?
In the 202305 filing period, New Hope Development Day Care Center Inc reported total revenue of $927,837, total expenses of $771,755, and net assets of $675,340.
Is New Hope Development Day Care Center Inc's revenue growing or declining?
New Hope Development Day Care Center Inc's revenue is growing. Revenue went from $761,472 (202205) to $927,837 (202305), a +21.8% change. Based on 12 filings on record.
What is New Hope Development Day Care Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Hope Development Day Care Center Inc covers tax period 202305. It shows revenue of $927,837, expenses of $771,755, total assets of $675,340, and liabilities of N/A.
How much does New Hope Development Day Care Center Inc spend on programs vs administration?
Based on IRS 990 analysis, New Hope Development Day Care Center Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Hope Development Day Care Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Hope Development Day Care Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for New Hope Development Day Care Center Inc?
The following concerns were identified: Lack of detailed breakdown for administrative and fundraising expenses within the provided data makes it difficult to fully evaluate efficiency.. The provided data does not include information on executive compensation, which is a key aspect of financial transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Hope Development Day Care Center Inc's strengths?
Positive indicators for New Hope Development Day Care Center Inc include: Consistently high percentage of expenses allocated to programs (approximately 90% based on total expenses vs. revenue).. Demonstrates consistent revenue growth from $434,039 in 2017 to $927,837 in 2023.. Healthy asset growth from $182,944 in 2017 to $675,340 in 2023, indicating financial stability.. Minimal reported liabilities ($0 in recent years) suggests strong financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does New Hope Development Day Care Center Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for key employees were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does New Hope Development Day Care Center Inc. manage to maintain such low liabilities and zero reported lobbying expenses over multiple years, especially given its consistent growth?
The consistent reporting of $0 in lobbying expenses and very low liabilities suggests a focus on direct service delivery and efficient internal financial management, potentially avoiding debt and political advocacy costs. This could also indicate a reliance on direct service fees or grants that do not require extensive lobbying.
Given the significant increase in revenue and assets, what specific strategies has New Hope Development Day Care Center Inc. employed to scale its operations while maintaining a high program spending ratio?
While specific strategies are not detailed in the provided data, the sustained high program spending ratio alongside growth implies effective cost control in administrative and fundraising areas, or a business model where program expansion directly generates revenue without disproportionately increasing overhead. This could involve leveraging existing infrastructure or efficient staff utilization.
Filing History
IRS 990 filing history for New Hope Development Day Care Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), New Hope Development Day Care Center Inc's revenue has grown by 211.5%, moving from $298K to $928K. Total assets increased by 678.4% over the same period, from $87K to $675K. Total functional expenses rose by 163.6%, from $293K to $772K. In its most recent filing year (2023), New Hope Development Day Care Center Inc reported a surplus of $156K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $928K | $772K | $675K | $0 | — | — |
| 2022 | $761K | $709K | $519K | $0 | — | View 990 |
| 2021 | $616K | $507K | $467K | $0 | — | View 990 |
| 2020 | $552K | $495K | $358K | $0 | — | View 990 |
| 2019 | $573K | $508K | $304K | $2K | — | View 990 |
| 2018 | $505K | $446K | $241K | $3K | — | View 990 |
| 2017 | $434K | $354K | $183K | $3K | — | View 990 |
| 2016 | $469K | $416K | $49K | $2K | — | View 990 |
| 2015 | $304K | $291K | $108K | $9K | — | View 990 |
| 2014 | $353K | $339K | $103K | $17K | — | View 990 |
| 2013 | $347K | $328K | $94K | $22K | — | View 990 |
| 2012 | $298K | $293K | $87K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $928K, expenses of $772K, and assets of $675K (revenue +21.8% year-over-year).
- 2022: Revenue of $761K, expenses of $709K, and assets of $519K (revenue +23.7% year-over-year).
- 2021: Revenue of $616K, expenses of $507K, and assets of $467K (revenue +11.6% year-over-year).
- 2020: Revenue of $552K, expenses of $495K, and assets of $358K (revenue -3.7% year-over-year).
- 2019: Revenue of $573K, expenses of $508K, and assets of $304K (revenue +13.5% year-over-year).
- 2018: Revenue of $505K, expenses of $446K, and assets of $241K (revenue +16.3% year-over-year).
- 2017: Revenue of $434K, expenses of $354K, and assets of $183K (revenue -7.5% year-over-year).
- 2016: Revenue of $469K, expenses of $416K, and assets of $49K (revenue +54.6% year-over-year).
- 2015: Revenue of $304K, expenses of $291K, and assets of $108K (revenue -14.1% year-over-year).
- 2014: Revenue of $353K, expenses of $339K, and assets of $103K (revenue +1.7% year-over-year).
- 2013: Revenue of $347K, expenses of $328K, and assets of $94K (revenue +16.6% year-over-year).
- 2012: Revenue of $298K, expenses of $293K, and assets of $87K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Development Day Care Center Inc:
Data Sources and Methodology
This transparency report for New Hope Development Day Care Center 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.