New Hope Shelter Inc
New Hope Shelter Inc. experiences massive revenue growth and asset accumulation with low corresponding expenses in recent years.
EIN: 205509503 · Newton, KS · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $566K |
| Total Expenses | $313K |
| Program Spending | 85% |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is New Hope Shelter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hope Shelter Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hope Shelter Inc
New Hope Shelter Inc (EIN: 205509503) is a nonprofit organization based in Newton, KS, classified under NTEE code L41. The organization reported total revenue of $566K and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hope Shelter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hope Shelter Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $313K |
| Surplus / Deficit | +$2.7M |
| Total Assets | $5.0M |
| Total Liabilities | $75 |
| Net Assets | $5.0M |
| Operating Margin | 89.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 192.5 months |
Financial Health Grade: A
In 2023, New Hope Shelter Inc reported a surplus of $2.7M with revenue exceeding expenses, holds 192.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Hope Shelter Inc's revenue has grown at a compound annual growth rate (CAGR) of 24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.6% | +3.0% | +113.4% |
| 2022 | +574.0% | -20.8% | +858.3% |
| 2021 | +40.5% | +103.0% | -10.1% |
| 2020 | +38.3% | +9.1% | +31.5% |
| 2019 | +7.7% | -3.8% | +5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Shelter Inc with a Mission Score of 85 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 Shelter 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 $2.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for minimizing administrative overhead.
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.
Red Flags
The following concerns were identified during AI analysis of New Hope Shelter Inc's IRS 990 filings:
- Very low expense ratio relative to recent revenue, potentially indicating significant unspent funds or delayed program deployment.
- Lack of detailed information on the nature of the massive revenue increase.
Strengths
The following positive indicators were identified for New Hope Shelter Inc:
- Exceptional revenue growth in 2022 and 2023, indicating strong donor support or successful grant acquisition.
- Significant asset accumulation, providing strong financial stability and capacity for future initiatives.
- Consistently reports 0% officer compensation, demonstrating efficient leadership cost management.
- Extremely low liabilities, indicating a healthy balance sheet and minimal debt.
- Strong financial health with substantial reserves.
Frequently Asked Questions about New Hope Shelter Inc
Is New Hope Shelter Inc a legitimate charity?
New Hope Shelter Inc (EIN: 205509503) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $566K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does New Hope Shelter Inc spend its money?
New Hope Shelter Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hope Shelter Inc tax-deductible?
New Hope Shelter Inc is registered as a tax-exempt nonprofit (EIN: 205509503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hope Shelter Inc's spending goes to programs?
New Hope Shelter Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hope Shelter Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Hope Shelter Inc is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hope Shelter Inc located?
New Hope Shelter Inc is headquartered in Newton, Kansas and files with the IRS under EIN 205509503. It is classified under NTEE code L41.
How many years of IRS 990 filings does New Hope Shelter Inc have?
New Hope Shelter 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 $566K in total revenue.
What caused the dramatic increase in revenue from $358,148 in 2021 to $2,983,926 in 2023?
The IRS 990 filings show a significant increase in revenue, but the specific sources (e.g., large grants, capital campaigns, government funding) are not detailed in the provided summary. Further investigation into the full 990 forms would be needed to identify the nature of this funding surge.
Why are expenses so low relative to the recent revenue increases, such as $313,257 in expenses against $2,983,926 in revenue in 2023?
The low expense-to-revenue ratio suggests that a substantial portion of the recent income is being retained and added to assets rather than being spent on programs or operations in the same fiscal year. This could be for future capital projects, endowment building, or strategic reserves.
How does New Hope Shelter Inc. plan to utilize its significantly increased assets of over $5 million?
With assets growing from $245,841 in 2021 to $5,026,453 in 2023, the organization has accumulated substantial resources. The plan for deploying these assets for its mission, whether through expansion, new programs, or long-term sustainability, would be a key question for stakeholders.
Filing History
IRS 990 filing history for New Hope Shelter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hope Shelter Inc's revenue has grown by 1283%, moving from $216K to $3.0M. Total assets increased by 3011.1% over the same period, from $162K to $5.0M. Total functional expenses rose by 157.1%, from $122K to $313K. In its most recent filing year (2023), New Hope Shelter Inc reported a surplus of $2.7M, with revenue exceeding expenses. The organization holds $75 in liabilities against $5.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $313K | $5.0M | $75 | — | View 990 |
| 2022 | $2.4M | $304K | $2.4M | $164 | — | View 990 |
| 2021 | $358K | $384K | $246K | $90 | — | View 990 |
| 2020 | $255K | $189K | $274K | $2K | — | View 990 |
| 2019 | $184K | $173K | $208K | $2K | — | View 990 |
| 2018 | $171K | $180K | $197K | $2K | — | View 990 |
| 2017 | $173K | $172K | $206K | $2K | — | View 990 |
| 2016 | $170K | $177K | $206K | $2K | — | View 990 |
| 2015 | $155K | $177K | $213K | $2K | — | View 990 |
| 2014 | $194K | $188K | $236K | $3K | — | View 990 |
| 2013 | $181K | $153K | $230K | $3K | — | View 990 |
| 2012 | $151K | $110K | $201K | $1K | — | View 990 |
| 2011 | $216K | $122K | $162K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $313K, and assets of $5.0M (revenue +23.6% year-over-year).
- 2022: Revenue of $2.4M, expenses of $304K, and assets of $2.4M (revenue +574.0% year-over-year).
- 2021: Revenue of $358K, expenses of $384K, and assets of $246K (revenue +40.5% year-over-year).
- 2020: Revenue of $255K, expenses of $189K, and assets of $274K (revenue +38.3% year-over-year).
- 2019: Revenue of $184K, expenses of $173K, and assets of $208K (revenue +7.7% year-over-year).
- 2018: Revenue of $171K, expenses of $180K, and assets of $197K (revenue -0.8% year-over-year).
- 2017: Revenue of $173K, expenses of $172K, and assets of $206K (revenue +1.4% year-over-year).
- 2016: Revenue of $170K, expenses of $177K, and assets of $206K (revenue +9.7% year-over-year).
- 2015: Revenue of $155K, expenses of $177K, and assets of $213K (revenue -20.1% year-over-year).
- 2014: Revenue of $194K, expenses of $188K, and assets of $236K (revenue +7.3% year-over-year).
- 2013: Revenue of $181K, expenses of $153K, and assets of $230K (revenue +19.7% year-over-year).
- 2012: Revenue of $151K, expenses of $110K, and assets of $201K (revenue -30.0% year-over-year).
- 2011: Revenue of $216K, expenses of $122K, and assets of $162K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hope Shelter Inc:
Data Sources and Methodology
This transparency report for New Hope Shelter 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.