New Hope Foundation Inc
EIN: 621801912 · Nashville, TN
| Metric | Value |
|---|---|
| Total Expenses | $4.2M |
| Net Assets | $-649,906 |
Is New Hope Foundation 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 Foundation Inc
New Hope Foundation Inc (EIN: 621801912) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Foundation Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2013–2017). Revenue has grown at a compound annual rate of 175.7%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$65K |
| Total Assets | $316K |
| Total Liabilities | $966K |
| Net Assets | $-649,906 |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 305.6% |
| Months of Reserves | 0.9 months |
Financial Health Grade: B
In 2017, New Hope Foundation Inc reported a surplus of $65K with revenue exceeding expenses, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 305.6% (high leverage).
Financial Trends
Over 5 years of filings (2013–2017), New Hope Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 175.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +23.9% | +25.0% | +313.6% |
| 2016 | +32.0% | +22.4% | -26.5% |
| 2015 | +70.4% | +31.3% | +92.4% |
| 2014 | +1972.3% | +2778.4% | +33.9% |
AI Analysis Pending
AI enrichment for New Hope Foundation 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 Foundation 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 305.6%.
Frequently Asked Questions about New Hope Foundation Inc
Is New Hope Foundation Inc a legitimate charity?
New Hope Foundation Inc (EIN: 621801912) is a registered tax-exempt nonprofit based in Tennessee. It has 5 years of IRS 990 filings on record. No red flags identified. Financial health grade: B.
How does New Hope Foundation Inc spend its money?
New Hope Foundation Inc reported its financials 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 Foundation Inc tax-deductible?
New Hope Foundation Inc is registered as a tax-exempt nonprofit (EIN: 621801912). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope Foundation Inc located?
New Hope Foundation Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 621801912.
How many years of IRS 990 filings does New Hope Foundation Inc have?
New Hope Foundation Inc 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.
Filing History
IRS 990 filing history for New Hope Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2013–2017), New Hope Foundation Inc's revenue has grown by 5677.6%, moving from $73K to $4.2M. Total assets increased by 683% over the same period, from $40K to $316K. Total functional expenses rose by 5681.3%, from $72K to $4.2M. In its most recent filing year (2017), New Hope Foundation Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $966K in liabilities against $316K in assets (debt-to-asset ratio: 305.6%), resulting in net assets of $-649,906.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $4.2M | $4.2M | $316K | $966K | — | — |
| 2016 | $3.4M | $3.3M | $76K | $791K | — | — |
| 2015 | $2.6M | $2.7M | $104K | $898K | — | View 990 |
| 2014 | $1.5M | $2.1M | $54K | $710K | — | View 990 |
| 2013 | $73K | $72K | $40K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $4.2M, expenses of $4.2M, and assets of $316K (revenue +23.9% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $76K (revenue +32.0% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.7M, and assets of $104K (revenue +70.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $2.1M, and assets of $54K (revenue +1972.3% year-over-year).
- 2013: Revenue of $73K, expenses of $72K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Foundation Inc:
Data Sources and Methodology
This transparency report for New Hope Foundation 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.