New Hope Farms Inc
EIN: 320598783 · Fort Wayne, IN · NTEE: B80
| Metric | Value |
|---|---|
| Total Revenue | $131K |
| Total Expenses | $49K |
| Net Assets | $97K |
Is New Hope Farms Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Hope Farms Inc
New Hope Farms Inc (EIN: 320598783) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code B80. The organization reported total revenue of $131K and total assets of $205K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Farms Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Farms Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 83.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $49K |
| Surplus / Deficit | +$45K |
| Total Assets | $180K |
| Total Liabilities | $83K |
| Net Assets | $97K |
| Operating Margin | 48.2% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 44.5 months |
Financial Health Grade: A
In 2023, New Hope Farms Inc reported a surplus of $45K with revenue exceeding expenses, holds 44.5 months of operating reserves (strong position), has a debt-to-asset ratio of 46.1% (moderate leverage).
Financial Trends
Over 2 years of filings (2020–2023), New Hope Farms Inc's revenue has grown at a compound annual growth rate (CAGR) of 83.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +514.3% | +412.2% | +3019.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope Farms Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Hope Farms Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.1%.
Frequently Asked Questions about New Hope Farms Inc
Is New Hope Farms Inc a legitimate charity?
New Hope Farms Inc (EIN: 320598783) is a registered tax-exempt nonprofit based in Indiana. It has 2 years of IRS 990 filings on record. Total revenue: $131K. No red flags identified. Financial health grade: A.
How does New Hope Farms Inc spend its money?
New Hope Farms Inc reported $131K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Hope Farms Inc tax-deductible?
New Hope Farms Inc is registered as a tax-exempt nonprofit (EIN: 320598783). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Farms Inc located?
New Hope Farms Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 320598783. It is classified under NTEE code B80.
How many years of IRS 990 filings does New Hope Farms Inc have?
New Hope Farms Inc has 2 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 $131K in total revenue.
Filing History
IRS 990 filing history for New Hope Farms Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2023), New Hope Farms Inc's revenue has grown by 514.3%, moving from $15K to $94K. Total assets increased by 3019.2% over the same period, from $6K to $180K. Total functional expenses rose by 412.2%, from $9K to $49K. In its most recent filing year (2023), New Hope Farms Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $83K in liabilities against $180K in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $97K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $49K | $180K | $83K | — | — |
| 2020 | $15K | $9K | $6K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Farms Inc:
Data Sources and Methodology
This transparency report for New Hope Farms 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.