New Hope Thrift

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To provide funding to mission organizations and to support long term underfunded missionaries and local ministries

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3285852) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $98K a year · 31% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
73% of spending went to programs.
Pt IX · Ln 25 · col B
7.0 mo
of spending, in cash
7.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2K
0.2% of total assets
Liabilities are 0.2% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$501K
+24% vs prior year
Spent
$409K
To programs
73%
Net assets
$701K
By yearFY2020–FY2025
Revenue
$501K
FY2025▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$241K
FY2021$154K
FY2022$279K
FY2023$336K
FY2024$403K
FY2025$501K
Expenses
$409K
FY2025▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2020$18K
FY2021$72K
FY2022$225K
FY2023$291K
FY2024$312K
FY2025$409K
Net assets
$701K
FY2025▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$338K
FY2021$419K
FY2022$474K
FY2023$519K
FY2024$609K
FY2025$701K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $299K Management & general 27% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See New Hope Thrift executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds mission organizations, missionaries, and local ministries for long-term support.

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1 program · $299K · in their own filed words · FY2025
01

Provided funding to mission organizations and supported long term underfunded missionaries and local ministries

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 84-3285852) · Dispute this line
$299Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $73K · 2023–2025
Unitemized GrantFY2025$39,486
Unitemized GrantFY2024$15,806
Unitemized GrantFY2023$17,418

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$501K
Ln 12
Gifts and grantsLn 1h$492K
Other incomeLn 4–11$9K
Money outPt IX
$409K
Ln 25
Programscol B$299K
Managementcol C$110K
Owns and owesPt X
$701K
net assets · Ln 32
Cash and savingsLn 1–2$240K
Total assetsLn 16$703K
LiabilitiesLn 26$2K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$492K
Noncash giftsLn 1g$484K
Other incomeLn 4–11$9K
Total revenueLn 12$501K
Assets in detailPt X, end of year
CashLn 1$240K
Cash and savings togetherLn 1–2$240K
Land, buildings, equipmentLn 10c$463K
Total assetsLn 16$703K
LiabilitiesLn 26$2K
Net assetsLn 32$701K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$484K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$172K$240K
Land, buildings, equipmentLn 10c$470K$463K
Total assetsLn 16$643K$703K
LiabilitiesLn 26$34K$2K
Net assetsLn 32$609K$701K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$39K$39K
Other salaries and wagesLn 7$229K$172K$57K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$18K$13K$4K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$5K$3K$2K
OccupancyLn 16$43K$23K$20K
InterestLn 20$141$141
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$13K$10K$3K
Other expenses (24a–d)Ln 24$34K$14K$20K
Total functional expensesLn 25$409K$299K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 4, 2026 $501K$409K$92K$701K 990 PDF
FY2024Filed with the IRS Feb 28, 2025 $403K$312K$90K$609K 990 PDF
FY2023Filed with the IRS Feb 19, 2024 $336K$291K$45K$519K 990 PDF
FY2022Filed with the IRS Feb 24, 2023 $279K$225K$54K$474K 990 PDF
FY2021Filed with the IRS Jan 31, 2022 $154K$72K$82K$419K 990 PDF
FY2020Filed with the IRS Feb 10, 2021 $241K$18K$223K$338K 990 PDF

Schedules filed Part IV

A · Public support I · Grants M · Noncash O · Explanations
See the full FY2025 990
Part I · Summary $500,872 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $388,569$491,659
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,972$0
I-11 Other revenuePrior year $10,411$9,213
I-12 Total revenuePrior year $402,952$500,872
I-13 Grants and similar amounts paidPrior year $15,806$39,486
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $215,219$263,371
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $81,448$105,827
I-18 Total expensesPrior year $312,473$408,684
I-19 Revenue less expensesPrior year $90,479$92,188
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $500,872 across 6 lines filed
VIII-1f All other contributions, gifts and grants$491,659
VIII-1g Noncash contributions (included above)$483,589
VIII-1h Total contributions, gifts and grants$491,659
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,213$9,213
VIII-12 Total revenueRelated to mission $9,213 · Unrelated business $0 · Excluded from tax $0$500,872
Part IX · Statement of functional expenses $408,684 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $39,486$39,486
IX-7 Other salaries and wagesPrograms $171,782 · Management $57,261$229,043
IX-9 Other employee benefitsPrograms $16,764$16,764
IX-10 Payroll taxesPrograms $13,173 · Management $4,391$17,564
IX-11c Accounting feesManagement $1,367$1,367
IX-12 Advertising and promotionManagement $1,758$1,758
IX-13 Office expensesPrograms $3,000 · Management $2,266$5,266
IX-16 OccupancyPrograms $23,015 · Management $19,964$42,979
IX-20 InterestManagement $141$141
IX-22 Depreciation, depletion and amortizationPrograms $7,245$7,245
IX-23 InsurancePrograms $10,051 · Management $3,350$13,401
IX-24 Other expenses (24a–d)Programs $14,126 · Management $19,544$33,670
IX-25 Total functional expensesPrograms $298,642 · Management $110,042 · Fundraising $0$408,684
Part X · Balance sheet $702,871 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $172,410$239,634
X-10c Land, buildings and equipment, netStart of year $470,482$463,237
X-16 Total assetsStart of year $642,892$702,871
X-25 Other liabilitiesStart of year $2,938$1,579
X-26 Total liabilitiesStart of year $33,788$1,579
X-27 Net assets without donor restrictionsStart of year $609,104$701,292
X-32 Total net assets or fund balancesStart of year $609,104$701,292
X-33 Total liabilities and net assetsStart of year $642,892$702,871
Part XI · Reconciliation of net assets $701,292 net assets at year end
XI-1 Total revenue$500,872
XI-2 Total expenses$408,684
XI-3 Revenue less expenses$92,188
XI-4 Net assets at start of year$609,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$701,292

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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