New Hope For Women Inc
New Hope For Women Inc shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 10377246 · Rockland, ME · NTEE: P430 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.9M |
| Transparency Score | 92/100 |
Is New Hope For Women Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hope For Women Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope For Women Inc
New Hope For Women Inc (EIN: 10377246) is a nonprofit organization based in Rockland, ME, classified under NTEE code P430. The organization reported total revenue of $2.0M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope For Women Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope For Women Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$407K |
| Total Assets | $2.2M |
| Total Liabilities | $210K |
| Net Assets | $1.9M |
| Operating Margin | 16.8% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, New Hope For Women Inc reported a surplus of $407K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hope For Women Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.4% | +20.8% | +30.8% |
| 2022 | +4.0% | +22.0% | -2.8% |
| 2021 | +29.0% | +12.8% | +17.7% |
| 2020 | +15.5% | +20.7% | +8.5% |
| 2019 | +5.5% | -5.6% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 For Women Inc with a Mission Score of 92 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New Hope For Women Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $407K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Executive Compensation Analysis
New Hope For Women Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly commendable for a nonprofit of its size with revenues exceeding $2 million.
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.
Strengths
The following positive indicators were identified for New Hope For Women Inc:
- Consistent revenue growth, from $1,082,423 in 2019 to $2,419,175 in 2023.
- Strong program spending ratio (75% of expenses in 2023).
- No reported officer compensation across all available filings.
- Healthy asset growth, from $1,327,521 in 2019 to $2,154,861 in 2023.
- Positive net income in most recent years, indicating financial sustainability.
Frequently Asked Questions about New Hope For Women Inc
Is New Hope For Women Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hope For Women Inc (EIN: 10377246) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does New Hope For Women Inc spend its money?
New Hope For Women Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Hope For Women Inc tax-deductible?
New Hope For Women Inc is registered as a tax-exempt nonprofit (EIN: 10377246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Hope For Women Inc CEO make?
New Hope For Women Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Hope For Women Inc's spending goes to programs?
New Hope For Women Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hope For Women Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Hope For Women Inc is above average for NTEE category P430 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope For Women Inc located?
New Hope For Women Inc is headquartered in Rockland, Maine and files with the IRS under EIN 10377246. It is classified under NTEE code P430.
How many years of IRS 990 filings does New Hope For Women Inc have?
New Hope For Women Inc has 13 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 $2.0M in total revenue.
Is New Hope For Women Inc a good charity?
Based on its financial filings, New Hope For Women Inc appears to be a very good charity. It demonstrates strong program spending (75% of expenses), consistent revenue growth, and reports no officer compensation, all of which are positive indicators of efficiency and dedication to its mission.
How has New Hope For Women Inc's revenue changed over time?
New Hope For Women Inc has experienced significant revenue growth, increasing from $1,082,423 in 2019 to $2,419,175 in 2023, representing more than a doubling of its income in five years.
What is New Hope For Women Inc's financial stability?
The organization shows good financial stability, with assets growing from $1,327,521 in 2019 to $2,154,861 in 2023, and liabilities remaining a relatively small portion of total assets.
Filing History
IRS 990 filing history for New Hope For Women Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hope For Women Inc's revenue has grown by 204.6%, moving from $794K to $2.4M. Total assets increased by 72.3% over the same period, from $1.3M to $2.2M. Total functional expenses rose by 154.7%, from $790K to $2.0M. In its most recent filing year (2023), New Hope For Women Inc reported a surplus of $407K, with revenue exceeding expenses. The organization holds $210K in liabilities against $2.2M in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.0M | $2.2M | $210K | — | — |
| 2022 | $1.7M | $1.7M | $1.6M | $179K | — | View 990 |
| 2021 | $1.6M | $1.4M | $1.7M | $176K | — | View 990 |
| 2020 | $1.2M | $1.2M | $1.4M | $226K | — | View 990 |
| 2019 | $1.1M | $1.0M | $1.3M | $186K | — | View 990 |
| 2018 | $1.0M | $1.1M | $1.3M | $191K | — | View 990 |
| 2017 | $1.1M | $1.0M | $1.3M | $202K | — | View 990 |
| 2016 | $1.0M | $1.0M | $1.4M | $393K | — | View 990 |
| 2015 | $1.1M | $1000K | $1.4M | $387K | — | View 990 |
| 2014 | $970K | $973K | $1.3M | $362K | — | View 990 |
| 2013 | $923K | $929K | $1.2M | $338K | — | View 990 |
| 2012 | $804K | $848K | $1.2M | $350K | — | View 990 |
| 2011 | $794K | $790K | $1.3M | $378K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.0M, and assets of $2.2M (revenue +44.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $1.6M (revenue +4.0% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.4M, and assets of $1.7M (revenue +29.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +15.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $1.3M (revenue +5.5% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M (revenue -3.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.0M, and assets of $1.3M (revenue +5.5% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $1.4M (revenue -7.0% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1000K, and assets of $1.4M (revenue +12.0% year-over-year).
- 2014: Revenue of $970K, expenses of $973K, and assets of $1.3M (revenue +5.0% year-over-year).
- 2013: Revenue of $923K, expenses of $929K, and assets of $1.2M (revenue +14.8% year-over-year).
- 2012: Revenue of $804K, expenses of $848K, and assets of $1.2M (revenue +1.3% year-over-year).
- 2011: Revenue of $794K, expenses of $790K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope For Women Inc:
Data Sources and Methodology
This transparency report for New Hope For Women 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.