Overview
What is New Hope Arts Inc?
New Hope Arts Inc is a dedicated nonprofit organization, situated in the region, that strives to enrich people's lives by fostering an appreciation for the arts. They achieve this goal through various educational programs and events, designed to raise awareness and provide support for the arts community. New Hope Arts presents these events in an inclusive, open environment, ensuring that the arts are accessible to everyone. Their activities include organizing art shows, sales, and offering support to the local arts scene. In essence, New Hope Arts Inc serves as a catalyst for artistic growth and enjoyment in the community.
Official website here: www.newhopearts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, earning it a Two-Star out of Four Star rating.
New Hope Arts Inc has received a moderate rating, reflecting both the strengths and weaknesses in its operations. The organization boasts a fully independent board, which is a positive indicator of governance, and has scored well on several accountability metrics, such as having no material diversion of assets and maintaining thorough financial statements. However, its overall financial health is called into question, with a poor program expense ratio of 38.85%, suggesting that a significant portion of its expenditures may not directly support its mission.
While the organization adheres to some essential policies, it lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, the liabilities to assets ratio is relatively healthy at 53.21%, indicating that the organization is managing its debts effectively. Despite some commendable practices, improvements in program spending and policy implementation are needed for New Hope Arts Inc to enhance its overall effectiveness and rating.
This AI summary has been generated from information found on Charity Navigator.
Is New Hope Arts Inc legitimate?
New Hope Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Hope Arts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $56,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newhopearts.org
What is the mission statement of New Hope Arts Inc?
New Hope Arts Inc, as a nonprofit organization, is devoted to promoting the arts in a specific region. Their mission is to enhance people's lives through educational initiatives and events. They are firmly committed to creating an open environment where the arts are accessible to everyone, fostering a sense of inclusivity. New Hope Arts presents a variety of events, such as art shows and sales, to increase awareness and support for the arts in the community. Their objective is to enrich lives and make the arts an integral part of the local culture.
Official website here: www.newhopearts.org
Who is the CEO of New Hope Arts Inc?
Laurence D Keller is the Executive Director of New Hope Arts Inc.
Official website here: www.newhopearts.org
What is the revenue of New Hope Arts Inc?
New Hope Arts Inc's revenue in 2022 was $569,989.
Official website here: www.newhopearts.org
Who are the executives of New Hope Arts Inc and what are their salaries?
The average compensation at New Hope Arts Inc during 2022 was $56,000. There is 1 employee and 60 volunteers at New Hope Arts Inc.
Here are 14 key members and their salaries:
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Official website here: www.newhopearts.org
Where can I find the form 990 for New Hope Arts Inc?
New Hope Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newhopearts.org
Learn more at the official website: www.newhopearts.org
Mission Statement of New Hope Arts Inc
New Hope Arts, a nonprofit organization, is deeply committed to fostering a broader understanding and appreciation for the arts within its region. The primary objective of New Hope Arts is to contribute to the enrichment of individuals' lives through education and engaging events. This organization is distinguished by its dedication to making the arts accessible to all, presenting events in an open environment that encourages participation and inclusivity. New Hope Arts accomplishes this mission by offering a variety of programs, including art shows, sales, and support events. These initiatives aim to increase awareness and support for the arts, ultimately enriching the lives of those who participate.
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Impact
July, 2024
New Hope Arts Inc plays a significant role in enriching the lives of people in the region by increasing awareness and support for the arts. This organization's commitment to presenting events in an open environment makes the arts accessible to all, fostering a vibrant cultural community. Through art shows, sales, and support programs, New Hope Arts Inc contributes to the cultural enrichment of the community and provides opportunities for artists to showcase their work. Its impact extends beyond the boundaries of traditional art spaces, creating a dynamic platform for creativity and expression.
This information is meant to be a general summary of New Hope Arts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $574
- Program Service Revenue: $100,787
- Gross Receipts: $569,989
Assets and Liabilities:
- Total Assets: $1,676,169
- Total Liabilities: $891,906
- Net Assets: $784,263
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Art Sculpture Shows
Revenue
$100,787
Organization Details
Founding Year
2002
Phone
(215) 862-9606Principal Officer
Laurence D Keller
Main Address
2 Stockton Avenue 2nd Floor, New Hope, PA, 18938
Website
www.newhopearts.orgNTEE Category
Code: A20 - Arts
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