Philanthropy & Grantmaking
(T300)
IRS Verified
DX Registered
NEWTHREADS OF HOPE INC
CharityAI™ Score
Not yet evaluated
Mission Statement
NewThreads of Hope offers support and a renewed sense of hope by providing brand-new clothing and household items to the needy, the ill, children, and seniors, so that they may live more self-sufficient, dignified and independent lives.
Financial Overview — FY 2023
$8.2M
Total Revenue
$4.9M
Total Expenses
$22.3M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
98.6%
Fundraising Efficiency
0.0%
Operating Reserve
54.68x
Liability-to-Asset
0.1%
Revenue Diversification
100.0%
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $8.2M | $4.9M | $22.3M | 98.6% | 2 |
| 2022 | $1.8M | $2.8M | N/A | — | 2 |
| 2021 | $7.9M | $2.7M | N/A | — | 2 |
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