New Hope Etc
New Hope Etc shows inconsistent financial reporting and significant asset fluctuation.
EIN: 113753074 · Jersey City, NJ · NTEE: P50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $725K |
| Total Expenses | $431K |
| Program Spending | 70% |
| Net Assets | $328K |
| Transparency Score | 55/100 |
Is New Hope Etc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hope Etc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Hope Etc
New Hope Etc (EIN: 113753074) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code P50. The organization reported total revenue of $725K and total assets of $74K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Etc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Etc is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 49.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $435K |
| Total Expenses | $431K |
| Surplus / Deficit | +$4K |
| Total Assets | $328K |
| Net Assets | $328K |
| Operating Margin | 0.8% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, New Hope Etc reported a surplus of $4K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2010–2023), New Hope Etc's revenue has grown at a compound annual growth rate (CAGR) of 49.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9190.6% | +14620.6% | +7546.9% |
| 2011 | +91.8% | +20.0% | +69.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Etc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Hope Etc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is commendable and suggests that leadership is not drawing a salary from the organization's funds, especially given its modest revenue levels.
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 Etc's IRS 990 filings:
- Inconsistent revenue reporting between summary and detailed filings.
- Significant and unexplained fluctuation in reported assets.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
Strengths
The following positive indicators were identified for New Hope Etc:
- Consistently reports 0% officer compensation, indicating a commitment to minimizing executive overhead.
- Maintains $0 liabilities in recent filings, suggesting good debt management.
- Demonstrated growth in revenue and assets between 2011 and 2023, indicating increased operational scale.
Frequently Asked Questions about New Hope Etc
Is New Hope Etc a legitimate charity?
New Hope Etc (EIN: 113753074) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 55/100. It has 3 years of IRS 990 filings on record. Total revenue: $725K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Hope Etc spend its money?
New Hope Etc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Hope Etc tax-deductible?
New Hope Etc is registered as a tax-exempt nonprofit (EIN: 113753074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hope Etc's spending goes to programs?
New Hope Etc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does New Hope Etc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), New Hope Etc is near average for NTEE category P50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope Etc located?
New Hope Etc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 113753074. It is classified under NTEE code P50.
How many years of IRS 990 filings does New Hope Etc have?
New Hope Etc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $725K in total revenue.
Why is there a discrepancy between the latest reported revenue ($724,948) and the most recent detailed filing's revenue ($434,523 for 202312)?
The provided data shows a significant difference in the 'latest revenue' figure compared to the revenue reported in the most recent IRS 990 filing (202312). This inconsistency needs clarification to accurately assess the organization's current financial scale.
What caused the substantial decrease in assets from $327,669 in 202312 to $74,001 in the latest overview?
The sharp decline in reported assets between the 202312 filing and the latest overview is a significant financial event that warrants an explanation to understand the organization's asset management and financial stability.
What is the detailed breakdown of expenses (program, administrative, fundraising) for the most recent period?
Without a detailed breakdown of expenses, it is impossible to accurately assess the organization's spending efficiency and how much of its funds are directly supporting its mission versus administrative or fundraising costs.
Filing History
IRS 990 filing history for New Hope Etc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2010–2023), New Hope Etc's revenue has grown by 17715.6%, moving from $2K to $435K. Total assets increased by 12825.8% over the same period, from $3K to $328K. Total functional expenses rose by 17565.9%, from $2K to $431K. In its most recent filing year (2023), New Hope Etc reported a surplus of $4K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $435K | $431K | $328K | $0 | — | — |
| 2011 | $5K | $3K | $4K | $0 | — | View 990 |
| 2010 | $2K | $2K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $435K, expenses of $431K, and assets of $328K (revenue +9190.6% year-over-year).
- 2011: Revenue of $5K, expenses of $3K, and assets of $4K (revenue +91.8% year-over-year).
- 2010: Revenue of $2K, expenses of $2K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Etc:
Data Sources and Methodology
This transparency report for New Hope Etc 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.