New Hope C O R P S Inc
Only null% goes to programs Strong reserves Growing revenue
New Hope C O R P S Inc is a 501(c)(3) organization based in Homestead, Florida, registered in 1993, with $9,136,151 in FY2023 revenue. CharityIndex grades it B.
1020 N Krome Ave, Homestead, FL, 33030 EIN 65-0440678 Since 1993
Revenue (FY2023)
$9.1M
▲ 12.5% vs prior year
Mental Health median: $333K
Expenses (FY2023)
$8.1M
Net assets
$8.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for New Hope C O R P S Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Hope C O R P S Inc: 13 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for New Hope C O R P S Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Hope C O R P S Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1020 N Krome Ave, Homestead, FL, 33030
- City
- Homestead
- State
- Florida
- Subcategory
- Addiction Recovery
- Website
- …
Financial trends
Revenue grew from $908K (FY2013) to $9.1M (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.0MNet assets $8.6M
Operating margin
11.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.7M
Total liabilities
$1.0M
Net assets
$8.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $9,136,151▲12.5% | $8,126,640▲26.2% | $8,645,614▲19.2% | $9,674,232▲15.1% | 990 |
| 2022 | $8,123,460▲33.5% | $6,441,892▲30.0% | $7,253,352▲30.2% | $8,408,084▲27.1% | 990 |
| 2021 | $6,082,758▲36.3% | $4,956,153▲64.5% | $5,571,783▲25.3% | $6,615,215▲22.5% | 990 |
| 2020 | $4,462,096▲39.8% | $3,013,466▲30.3% | $4,445,177▲48.3% | $5,402,237▲28.4% | 990 |
| 2019 | $3,191,649▲56.3% | $2,312,797▲52.0% | $2,996,544▲93.6% | $4,208,906▲102% | 990 |
| 2017 | $2,042,043▲25.6% | $1,521,886▲27.0% | $1,547,961▲50.6% | $2,087,158▲40.0% | 990 |
| 2016 | $1,626,206▲41.4% | $1,198,651▲24.7% | $1,027,804▲140% | $1,490,583▲67.2% | 990 |
| 2014 | $1,150,442▲26.8% | $961,226▲6.3% | $427,748▲79.3% | $891,274▲21.6% | 990 |
| 2013 | $907,621 | $904,148▼4.3% | $238,532▲1.5% | $732,986▲0.1% | 990 |
| 2012 | — | $945,044▲5.3% | $235,059▲21.8% | $732,605▼0.5% | 990 |
| 2011 | — | $897,555 | $192,910 | $736,266 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $21.7M total
25 grants to New Hope C O R P S Inc totaling $21.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| South Florida Behavioral Health Network Incorporated | Substance abuse and mental health | 2024 | $4,137,148 |
| Farm Share Inc | Distributed goods | 2024 | $46,856 |
| South Florida Behavioral Health Network Incorporated | Substance abuse and mental health services | 2023 | $4,037,673 |
| Baptist Health of South Florida Inc | Funding to support behavioral health services and initiatives. | 2023 | $181,300 |
| South Florida Behavioral Health Network Incorporated | Mental health substance abuse | 2022 | $3,392,937 |
| Baptist Health of South Florida Inc | Support for behavioral health therapy. | 2022 | $174,761 |
| Baptist Health of South Florida Inc | Support for behavioral health therapy. | 2022 | $174,761 |
| Good360 | To assist those in need. | 2022 | $8,256 |
| South Florida Behavioral Health Network Incorporated | Mental health substance abuse | 2021 | $2,177,826 |
| Baptist Health of South Florida Inc | Enhance the health and well-being of individuals in the area of behavioral health | 2021 | $173,084 |
| The Miami Foundation Inc | Program support | 2021 | $76,000 |
| South Florida Behavioral Health Network Incorporated | Mental health substance abuse | 2020 | $1,564,210 |
| South Florida Behavioral Health Network Incorporated | Mental health substance abuse | 2020 | $1,564,210 |
| Baptist Health of South Florida Inc | Enhance the health and well-being of individuals in the area of behavioral health | 2020 | $154,000 |
| The Miami Foundation Inc | Program support | 2020 | $48,000 |
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Frequently asked questions
- Is New Hope C O R P S Inc a legitimate nonprofit?
- Yes. New Hope C O R P S Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 65-0440678, based in Homestead, Florida. Donations are tax-deductible.
- What is New Hope C O R P S Inc's EIN?
- New Hope C O R P S Inc's Employer Identification Number (EIN) is 65-0440678.
- How much revenue does New Hope C O R P S Inc report?
- New Hope C O R P S Inc reported $9,136,151 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does New Hope C O R P S Inc have?
- CharityIndex grades New Hope C O R P S Inc B, based on financial health (reserves and operating margin).
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Data for New Hope C O R P S Inc (EIN 65-0440678) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.