New Hope Oklahoma Inc
New Hope Oklahoma Inc consistently operates with surpluses, growing assets, and no reported officer compensation.
EIN: 208416981 · Tulsa, OK · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $498K |
| Total Expenses | $476K |
| Program Spending | 85% |
| Net Assets | $300K |
| Transparency Score | 90/100 |
Is New Hope Oklahoma 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 Oklahoma Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Oklahoma Inc
New Hope Oklahoma Inc (EIN: 208416981) is a nonprofit organization based in Tulsa, OK, classified under NTEE code O50. The organization reported total revenue of $498K and total assets of $220K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Oklahoma Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Oklahoma Inc is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $507K |
| Total Expenses | $476K |
| Surplus / Deficit | +$31K |
| Total Assets | $300K |
| Net Assets | $300K |
| Operating Margin | 6.0% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, New Hope Oklahoma Inc reported a surplus of $31K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), New Hope Oklahoma Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | +23.3% | +11.3% |
| 2022 | -2.2% | -9.2% | +10.0% |
| 2021 | -19.6% | -27.3% | +30.7% |
| 2020 | -18.9% | -6.0% | +16.8% |
| 2019 | -1.9% | -15.7% | +182.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 Oklahoma Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Hope Oklahoma Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $31K, with revenue exceeding expenses.
Executive Compensation Analysis
New Hope Oklahoma Inc has consistently reported 0% officer compensation across all 14 available filings, indicating that no salaries are paid to its officers, which is highly favorable for resource allocation directly to its mission.
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 Oklahoma Inc:
- Consistent operating surpluses in recent years (e.g., $30,515 in 202308, $82,442 in 202208).
- Significant growth in net assets, from $29,718 in 201708 to $300,046 in 202308.
- Zero reported officer compensation across all 14 filings, indicating high efficiency in leadership costs.
- Low to zero liabilities in recent periods, demonstrating strong financial management.
- Consistent IRS 990 filings (14 total) indicating strong transparency.
Frequently Asked Questions about New Hope Oklahoma Inc
Is New Hope Oklahoma Inc a legitimate charity?
New Hope Oklahoma Inc (EIN: 208416981) is a registered tax-exempt nonprofit based in Oklahoma. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $498K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does New Hope Oklahoma Inc spend its money?
New Hope Oklahoma Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hope Oklahoma Inc tax-deductible?
New Hope Oklahoma Inc is registered as a tax-exempt nonprofit (EIN: 208416981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hope Oklahoma Inc's spending goes to programs?
New Hope Oklahoma Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hope Oklahoma Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Hope Oklahoma Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope Oklahoma Inc located?
New Hope Oklahoma Inc is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 208416981. It is classified under NTEE code O50.
How many years of IRS 990 filings does New Hope Oklahoma Inc have?
New Hope Oklahoma Inc has 14 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 $498K in total revenue.
Is New Hope Oklahoma Inc a good charity?
Based on its financial data, New Hope Oklahoma Inc appears to be a good charity. It consistently operates with surpluses, has grown its assets significantly from $29,718 in 201708 to $300,046 in 202308, and reports no officer compensation, suggesting a strong commitment to its mission.
How has New Hope Oklahoma Inc's financial health changed over time?
New Hope Oklahoma Inc's financial health has improved significantly. While it experienced deficits in 201708 and 201608, it has consistently generated surpluses since 201808, leading to a substantial increase in assets from $56,850 in 201808 to $300,046 in 202308, and liabilities have remained very low or zero in recent years.
What is New Hope Oklahoma Inc's approach to executive compensation?
New Hope Oklahoma Inc reports 0% officer compensation across all available filings, indicating that its officers do not receive salaries from the organization. This is a strong positive for donor trust and ensures resources are directed to programs.
Filing History
IRS 990 filing history for New Hope Oklahoma Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New Hope Oklahoma Inc's revenue has grown by 94.1%, moving from $261K to $507K. Total assets increased by 1089.2% over the same period, from $25K to $300K. Total functional expenses rose by 78.7%, from $266K to $476K. In its most recent filing year (2023), New Hope Oklahoma Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $507K | $476K | $300K | $0 | — | View 990 |
| 2022 | $469K | $386K | $270K | $0 | — | View 990 |
| 2021 | $479K | $425K | $245K | $58K | — | View 990 |
| 2020 | $596K | $585K | $188K | $54K | — | View 990 |
| 2019 | $735K | $622K | $161K | $491 | — | View 990 |
| 2018 | $749K | $738K | $57K | $10K | — | View 990 |
| 2017 | $703K | $769K | $30K | $4K | — | View 990 |
| 2016 | $795K | $822K | $91K | $0 | — | View 990 |
| 2015 | $616K | $644K | $118K | $0 | — | View 990 |
| 2014 | $638K | $504K | $147K | $0 | — | — |
| 2014 | $638K | $504K | $147K | $0 | — | View 990 |
| 2013 | $428K | $418K | $14K | $0 | — | View 990 |
| 2012 | $248K | $268K | $3K | $0 | — | View 990 |
| 2011 | $261K | $266K | $25K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $507K, expenses of $476K, and assets of $300K (revenue +8.1% year-over-year).
- 2022: Revenue of $469K, expenses of $386K, and assets of $270K (revenue -2.2% year-over-year).
- 2021: Revenue of $479K, expenses of $425K, and assets of $245K (revenue -19.6% year-over-year).
- 2020: Revenue of $596K, expenses of $585K, and assets of $188K (revenue -18.9% year-over-year).
- 2019: Revenue of $735K, expenses of $622K, and assets of $161K (revenue -1.9% year-over-year).
- 2018: Revenue of $749K, expenses of $738K, and assets of $57K (revenue +6.6% year-over-year).
- 2017: Revenue of $703K, expenses of $769K, and assets of $30K (revenue -11.6% year-over-year).
- 2016: Revenue of $795K, expenses of $822K, and assets of $91K (revenue +29.1% year-over-year).
- 2015: Revenue of $616K, expenses of $644K, and assets of $118K (revenue -3.5% year-over-year).
- 2014: Revenue of $638K, expenses of $504K, and assets of $147K (revenue +0.0% year-over-year).
- 2014: Revenue of $638K, expenses of $504K, and assets of $147K (revenue +48.8% year-over-year).
- 2013: Revenue of $428K, expenses of $418K, and assets of $14K (revenue +72.7% year-over-year).
- 2012: Revenue of $248K, expenses of $268K, and assets of $3K (revenue -5.0% year-over-year).
- 2011: Revenue of $261K, expenses of $266K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Oklahoma Inc:
Data Sources and Methodology
This transparency report for New Hope Oklahoma 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.