Anew Place Inc

Analysis

Anew Place Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in February 1984, 42 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Anew Place Inc reported income of $1.4m and spending of $1.6m, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $405k to $1.4m (+255%), an average of +53% a year. The sharpest change came in the year to December 2020, when income rose by 965%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anew Place Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within VT. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), St Andrews Place Retirement Community Inc ($1.4m) and Council Apartments II Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (5.8% of expenses). Other salaries and wages came to $817k. At year end it held assets of $3.1m against liabilities of $46k, net assets of $3.1m. It reported 43 employees.