New Futures Inc

Analysis

New Futures Inc is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Futures Inc reported income of $2.7m and spending of $2.2m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.7m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 35%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Futures Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NH. Charities of a similar size with the same main cause include Greater Baltimore Medical Center Land Corporation ($2.7m), Cabarrus Healthcare Foundation ($2.7m) and National Pancreas Foundation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $162k (7.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.6m against liabilities of $1.6m, net assets of $3.0m. It reported 20 employees.