New Hope Global Ministries INC

EIN 92-2624746 Religious organization Forest City, NC

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Size

$100K–1M

What they do

Spreads the Gospel globally through ministries like church planting, counseling, and training.

Leadership

Richard Hayden · President · $58K

Money in and out

$436K revenue, $273K expenses

Bottom line

62% program efficiency

Spreads the Gospel globally through ministries like church planting, counseling, and training. For fiscal year 2024 it reported $436K in revenue, $273K in expenses, and $194K in net assets.Pt I

Where the money goes · FY2024

Total revenue

$436K

Pt VIII · Ln 12

Total expenses

$273K

Pt IX · Ln 25

Net assets

$194K

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): $164K

Where spending went · Part IX cols B–D

62%

20%

17%

Program services $0.62 Management & general $0.20 Fundraising $0.17

Program efficiency

62%

of spending reaches programs

Operating runway

8.6mo

months of highly liquid reserves at operating expense rate▼ -12% vs prior filing year

Surplus margin

+37%

revenue over expenses, this year▼ -16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$436K

FY2024▲ +549%

Total revenue

$436K

Pt VIII · Ln 12

Total expenses

$273K

Pt IX · Ln 25

Net assets

$194K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19$164K

Total assetsPt X · Ln 16$195K

Program-expense ratioPt IX · col B62%

Voting members of governing bodyPt I · Ln 36

Independent voting membersPt I · Ln 44

Mission & Programs · Part III

Where the work happens

1 program service account for $170K of program spending, described in the organization's own filed words · FY2024.

In 2024, New Hope Global Ministries advanced its mission of making disciples who make disciples through both local ministry in Guatemala and the mobilization of short-term mission teams. We hosted 6 mission teams from the United States, totaling over 90 participants, who partnered with our local leaders to engage in evangelism…

$170Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CNew Hope Global Ministries INC

EINHdr · item D92-2624746

Principal addressHdr · item CForest City, NC

WebsiteHdr · item Jwww.nhgm.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFHuman Services (P99)

Ruling yearIRS BMFMar 2023

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a6

Independent voting membersPt VI · Ln 1b4

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13Yes

Document retention policyPt VI · Ln 14Yes

CEO/top-official compensation independently reviewedPt VI · Ln 15aYes

Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Richard Hayden

President

$58,000Pt VII · Sec A

Laurie Southwick

Treasurer

$0Pt VII · Sec A

Lauree Hayden

Secretary

$0Pt VII · Sec A

Neil Perry

Director

$0Pt VII · Sec A

Santi Betancur

Director

$0Pt VII · Sec A

Joe Fleming

Director

$0Pt VII · Sec A

Richard Hayden’s $58K as President is at the 47th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2024	FY2023
Richard Hayden	$58,000	$6,750

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII

Contributions & grants100%$436K

Total revenueLn 12$436K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

62%

20%

17%

Program services $0.62 Management & general $0.20 Fundraising $0.17

Program services62%$170K

Management & general20%$55K

Fundraising17%$47K

Total functional expensesLn 25$273K

Balance Sheet

Part X · end of year

CashLn 1$195K

Total assetsLn 16$195K

Total liabilitiesLn 26$2K

Total net assetsLn 32$194K

Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $195K · Operating expenses/yr $273K

8.6 months

Where the money goes

Program services

Program services $170K · Total expenses $273K

62%

Management & General

Management & general $55K · Total expenses $273K

20%

Fundraising

Fundraising $47K · Total expenses $273K

17%

Cost to raise $1

Fundraising expense $47K · Solicited contributions $436K

$0.11 to raise $1

Where the money comes from

Contribution dependence

Contributions & grants $436K · Total revenue $436K

100%

Government reliance

Government grants — · Total revenue $436K

—

Earned-income share

Program service revenue $0 · Total revenue $436K

Investment reliance

Investment income $0 · Total revenue $436K

Program self-sufficiency

Program service revenue $0 · Total expenses $273K

Growth & trend

Revenue growth (YoY)

This year $436K · Prior year $67K

+549%

Net-asset trend (YoY)

End of year $194K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $436K · Expenses $273K

+37%

Liabilities-to-Assets

Total liabilities — · Total assets $195K

—

Net-asset ratio

Net assets $194K · Total assets $195K

99%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $195K

People & payroll

Highest Reported Total Compensation

Individual Richard Hayden · Reported title President · Highest reported compensation $58K · Total expenses $273K

21%

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) $123K · Total expenses $273K

45%

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Program ratio	62%	—	—
Overhead ratio	20%	—	—
Fundraising cost ratio	11%	—	—
Revenue growth	549%	—	—
Investment management fee ratio	0%	—	—
Legal fee ratio	0%	—	—
Accounting fee ratio	3%	—	—
Fundraising fee ratio	0%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record

Grants received · FY2025

Global Year INCFY2025$11K

Total grants receivedfrom 1 funder$11K

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$436K revenue · viewing · ⤓ 990 PDF

FY2023$67K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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