New Hope For Families
EIN: 833676468 · Duluth, MN · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $195K |
| Total Expenses | $124K |
| Net Assets | $714K |
Search Intent Cockpit
New Hope For Families Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Hope For Families is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Hope For Families in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $176K and expenses of $124K.
Revenue and Expenses
New Hope For Families reported $176K in revenue and $124K in expenses, a surplus of $52K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is New Hope For Families Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, New Hope For Families shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade A | 5 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Local and Sector Spokes
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Donation Decision Flow
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2Understand money
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About New Hope For Families
New Hope For Families (EIN: 833676468) is a nonprofit organization based in Duluth, MN, classified under NTEE code P20. The organization reported total revenue of $195K and total assets of $728K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope For Families's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope For Families is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -27.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $124K |
| Surplus / Deficit | +$52K |
| Total Assets | $714K |
| Net Assets | $714K |
| Operating Margin | 29.5% |
| Months of Reserves | 69.1 months |
Financial Health Grade: A
In 2023, New Hope For Families reported a surplus of $52K with revenue exceeding expenses, holds 69.1 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), New Hope For Families's revenue has declined at a compound annual growth rate (CAGR) of -27.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.0% | +4.8% | +7.8% |
| 2022 | +4.9% | +38.7% | +3.1% |
| 2021 | +53.3% | -2.7% | +7.8% |
| 2020 | -86.4% | +136.6% | -0.3% |
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 For Families 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 For Families 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 $52K, with revenue exceeding expenses.
Frequently Asked Questions about New Hope For Families
Is New Hope For Families a legitimate charity?
New Hope For Families (EIN: 833676468) is a registered tax-exempt nonprofit based in Minnesota. It has 5 years of IRS 990 filings on record. Total revenue: $195K. No red flags identified. Financial health grade: A.
How does New Hope For Families spend its money?
New Hope For Families reported $195K in total revenue in IRS 990 filings. 5 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 For Families tax-deductible?
New Hope For Families is registered as a tax-exempt nonprofit (EIN: 833676468). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope For Families located?
New Hope For Families is headquartered in Duluth, Minnesota and files with the IRS under EIN 833676468. It is classified under NTEE code P20.
How many years of IRS 990 filings does New Hope For Families have?
New Hope For Families has 5 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 $195K in total revenue.
Filing History
IRS 990 filing history for New Hope For Families showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), New Hope For Families's revenue has declined by 72.2%, moving from $632K to $176K. Total assets increased by 19.6% over the same period, from $598K to $714K. Total functional expenses rose by 234.4%, from $37K to $124K. In its most recent filing year (2023), New Hope For Families reported a surplus of $52K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $124K | $714K | $0 | — | — |
| 2022 | $138K | $118K | $663K | $0 | — | View 990 |
| 2021 | $132K | $85K | $643K | $0 | — | View 990 |
| 2020 | $86K | $88K | $596K | $0 | — | — |
| 2019 | $632K | $37K | $598K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $124K, and assets of $714K (revenue +27.0% year-over-year).
- 2022: Revenue of $138K, expenses of $118K, and assets of $663K (revenue +4.9% year-over-year).
- 2021: Revenue of $132K, expenses of $85K, and assets of $643K (revenue +53.3% year-over-year).
- 2020: Revenue of $86K, expenses of $88K, and assets of $596K (revenue -86.4% year-over-year).
- 2019: Revenue of $632K, expenses of $37K, and assets of $598K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope For Families:
Data Sources and Methodology
This transparency report for New Hope For Families 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.