HOPE INITIATIVES

Hope Initiatives provides assistance to individuals and families in need throughout Arizona.

New Life Community Church established Hope Initiatives as a non-profit organization to make an impact in our community. Hope Initiatives is funded through donations from people like you, who believe in serving individuals and families in need across the state.

Did you know that as an Arizona taxpayer, you can receive a tax credit by redirecting a portion of your state income tax to ‘Hope Initiatives’, which is a qualified charitable organization in Arizona?(QCO CODE #22523) Hope Initiatives is funded by the Arizona Charitable Tax Credit program which allows you to receive a dollar-for-dollar tax credit on an Arizona state income tax return while helping people in our local community - at no additional cost to you. Your gift goes directly to Hope Initiatives instead of the state.

HOPE INITIATIVES IS DEDICATED TO SUPPORTING:

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With any questions or clarification needed, please contact hopeinitiatives @nlcc.org

FAQ’s

  • A donation made by April 15th may be applied as a state tax credit to this year or the previous tax year. Make a donation by midnight April 15th or mail your donation (postmarked April 15th or earlier). However, donations on a federal tax return will apply to the calendar year in which the donation was made. Please contact your tax advisor or visit www.azdor.gov for more information.

  • The Charitable Tax Credit is a charitable contribution you can give to qualifying Arizona charitable organizations. Hope Initiatives LLC., @ New Life is an approved recipient. You can receive a dollar-for-dollar tax credit on your Arizona state income tax return while helping people in our local community - at no additional cost to you. Your gift goes directly to Hope Initiatives LLC., @ New Life instead of the state.

  • A tax credit is significantly more beneficial than a tax deduction. A tax credit reduces your tax liability dollar for dollar and comes off at the bottom line. A tax deduction reduces the taxable income upon which your tax liability is calculated.

  • Yes, they are separate credits. with separate limits, and you are allowed to take advantage of all four charitable contributions.

  • A qualifying charitable organization is a tax exempt (501)(c)(3) organization or community action agency that allocates at least 50 percent of its budget to services that help state aid recipients or the working poor with their immediate basic needs. Services, which must be provided and used in Arizona, may include food, shelter, health care, child care, job placement and/or job training.

  • At Hope Initiatives LLC., @ New Life, our mission is to help those in need in the local community. Your tax credit dollars will go toward assistance and programs that help people with disabilities, financial barriers, and those needing resources to find work.

  • The amount you give is up to you, however the maximum tax credit you can receive is $987 for married couples filing jointly and $495 if filing single. Please contact your tax advisor or visit www.azdor.gov for more information.

  • No. You do not need to itemize deductions to claim the tax credit.

  • No. Only individual taxpayers may claim this tax credit.

  • Charitable Tax Credit dollars cannot be refunded. They can only be used to reduce your state tax liability to zero. Any unused dollars may be carried forward for up to the next five taxable years.

  • Yes, but the total Charitable Tax Credit allowed is $400 per individual or $800 for married couples filing jointly, regardless of the number of organizations you support.

  • No. Only cash contributions qualify for the Charitable Tax Credit.

  • Check with your tax adviser, but yes, your donation may qualify as a deduction on your Federal tax return, for the tax year in which the donation was made.

  • You can get more information by visiting the Arizona Department of Revenue website at www.azdor.gov or by calling Taxpayer Assistance at (602) 255-3381.

  • Yes, Hope Initiatives LLC. will provide you written acknowledgement for your donation in a timely manner that can be used for your Arizona and IRS tax returns. Tax ID # 46-3674608 QCO Code: 22523

  • No, this donation is separate from your church tithe. This is simply a redirection of your Arizona Income Tax. Please continue to faithfully tithe and donate to your local church.