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NewThreads of Hope solicits and receives returned and excess brand new merchandise from corporations. It sorts, warehouses and redistributes this merchandise to a wide range of charitable organizations to be either distributed to or used for the care of the poor, the sick, elderly or children
Source: IRS Form 990 (Tax Year 2024)
Source: IRS Form 990 via ProPublica Nonprofit Explorer
Total Revenue
▼$8.2M
Total Contributions
$8.2M
Total Expenses
▼$4.9M
Total Assets
$22.3M
Total Liabilities
▼$19K
Net Assets
$22.3M
Officer Compensation
→$78.7K
Other Salaries
$44.8K
Investment Income
▼$0
Fundraising
▼$0
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Source: IRS e-Filed Form 990
No officer or director compensation data available for this organization.
This data is sourced from IRS Form 990, Part VII. It may not be available if the organization files Form 990-N (e-Postcard) or has not yet been enriched.
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $8.2M | $8.2M | $4.9M | $22.3M | $22.3M |
| 2022 | $1.8M | $1.8M | $2.8M | $19M | $19M |
| 2021 | $7.9M | $7.9M | $2.7M | $20M | $19.9M |
| 2020 | $2.3M | $2.3M | $4.7M | $14.8M | $14.7M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS Form 990 via ProPublica Nonprofit Explorer (Tax Year 2023)
Organization info: IRS Business Master File · ProPublica Nonprofit Explorer
Tax-deductibility: IRS Publication 78
| 2019 | $6.6M | $6.6M | $5.5M | $17.2M | $17.1M |
| 2018 | $3.9M | $3.9M | $5.4M | $16M | $16M |
| 2017 | $3.7M | $3.7M | $4.9M | $17.6M | $17.5M |
| 2016 | $7.4M | $7.4M | $8.4M | $18.7M | $18.7M |
| 2015 | $24.6M | $24.6M | $9.9M | $19.8M | $19.7M |
| 2014 | $6.2M | $6.2M | $3.9M | $5.1M | $5M |
| 2013 | $3.1M | $3.1M | $3.7M | $2.8M | $2.8M |
| 2012 | $5.9M | $5.9M | $4.1M | $3.5M | $3.3M |
| 2011 | $1.5M | $1.5M | $2.7M | $1.6M | $1.5M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |