Overview

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Est.

2018

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

New Hope for Families is a nonprofit organization focused on human rights, foster care, and human services, dedicated to addressing the critical shortage of foster care homes in the community. With an operating budget of $172.5K and total revenue of $185.8K for the 2024 filing year, the organization recruits and supports a network of foster homes to provide safe environments for children during times of trauma and transition. New Hope for Families does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its mission. For more information, visit www.newhopeforfamilies.com.

Mission Statement

TO ASSIST AND HELP REMEDY THE GROWING SHORTFALL OF FOSTER CARE HOMES IN THE COMMUNITY BY RECRUITING AND SUPPORTING A NETWORK OF FOSTER CARE HOMES FOR CHILDREN NEEDING A SAFE PLACE TO STAY DURING TIMES OF TRAUMA & TRANSITION.
Revenues
$185.8K
Expenses
$172.5K
Net Income:
+$13.3K
Assets
$727.8K
Liabilities
$0
Net Assets:
+$727.8K
Operating Budget
$172.5K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
6
Median grant size
$2K
Largest grant received
$5K
A
Angela Torgeson
Board Member
J
James Gruba
Board Member
T
Therese Gruba
Board Member

Frequently Asked Questions

What is NEW HOPE FOR FAMILIES’s budget?
In 2024, NEW HOPE FOR FAMILIES reported an annual operating budget of around $172 thousand. More detailed financial information is available to registered users.
What causes does NEW HOPE FOR FAMILIES support?
NEW HOPE FOR FAMILIES supports work in Foster care, Human rights, and Human services.
Where does NEW HOPE FOR FAMILIES operate?
NEW HOPE FOR FAMILIES is headquartered in Duluth, MN.
Who funded NEW HOPE FOR FAMILIES recently?
In 2024, NEW HOPE FOR FAMILIES received grants from HIRT FAMILY FOUNDATION INC, PREMIER HEALTHCARE FOUNDATION INC, and AH HAH FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEW HOPE FOR FAMILIES received in 2024?
The largest grant to NEW HOPE FOR FAMILIES in 2024 exceeds $5,000.