New Hope House Northwest
EIN: 822980090 · Chicago, IL · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $758K |
| Net Assets | $150K |
Is New Hope House Northwest 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 House Northwest
New Hope House Northwest (EIN: 822980090) is a nonprofit organization based in Chicago, IL, classified under NTEE code K31. The organization reported total revenue of $1.0M and total assets of $266K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope House Northwest's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope House Northwest is a mid-size nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 47.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $742K |
| Total Expenses | $758K |
| Surplus / Deficit | $-16,053 |
| Total Assets | $150K |
| Net Assets | $150K |
| Operating Margin | -2.2% |
| Months of Reserves | 2.4 months |
Financial Health Grade: C
In 2023, New Hope House Northwest reported a deficit of $16K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited).
Financial Trends
Over 7 years of filings (2017–2023), New Hope House Northwest's revenue has grown at a compound annual growth rate (CAGR) of 47.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | +14.0% | -12.8% |
| 2022 | +493.0% | +379.8% | +1.1% |
| 2021 | -38.5% | +21.0% | +1.8% |
| 2020 | -4.8% | -29.0% | +73.2% |
| 2019 | +203.2% | +147.5% | +1114.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Hope House Northwest 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 House Northwest 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 deficit of $16K, with expenses exceeding revenue.
Frequently Asked Questions about New Hope House Northwest
Is New Hope House Northwest a legitimate charity?
New Hope House Northwest (EIN: 822980090) is a registered tax-exempt nonprofit based in Illinois. It has 7 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: C.
How does New Hope House Northwest spend its money?
New Hope House Northwest reported $1.0M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Hope House Northwest tax-deductible?
New Hope House Northwest is registered as a tax-exempt nonprofit (EIN: 822980090). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Hope House Northwest located?
New Hope House Northwest is headquartered in Chicago, Illinois and files with the IRS under EIN 822980090. It is classified under NTEE code K31.
How many years of IRS 990 filings does New Hope House Northwest have?
New Hope House Northwest has 7 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for New Hope House Northwest showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), New Hope House Northwest's revenue has grown by 935.5%, moving from $72K to $742K. Total assets increased by 1786% over the same period, from $8K to $150K. Total functional expenses rose by 988.2%, from $70K to $758K. In its most recent filing year (2023), New Hope House Northwest reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $742K | $758K | $150K | $0 | — | View 990 |
| 2022 | $677K | $665K | $173K | $0 | — | View 990 |
| 2021 | $114K | $139K | $171K | $0 | — | — |
| 2020 | $186K | $115K | $168K | $0 | — | — |
| 2019 | $195K | $161K | $97K | $0 | — | View 990 |
| 2018 | $64K | $65K | $8K | $0 | — | View 990 |
| 2017 | $72K | $70K | $8K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $742K, expenses of $758K, and assets of $150K (revenue +9.6% year-over-year).
- 2022: Revenue of $677K, expenses of $665K, and assets of $173K (revenue +493.0% year-over-year).
- 2021: Revenue of $114K, expenses of $139K, and assets of $171K (revenue -38.5% year-over-year).
- 2020: Revenue of $186K, expenses of $115K, and assets of $168K (revenue -4.8% year-over-year).
- 2019: Revenue of $195K, expenses of $161K, and assets of $97K (revenue +203.2% year-over-year).
- 2018: Revenue of $64K, expenses of $65K, and assets of $8K (revenue -10.3% year-over-year).
- 2017: Revenue of $72K, expenses of $70K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope House Northwest:
Data Sources and Methodology
This transparency report for New Hope House Northwest 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.