Newground Inc

Analysis

Newground Inc is a registered charity in United States, based in Levittown, NY. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Newground Inc reported income of $885k and spending of $836k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $697k to $885k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newground Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Paducah Interfaith Ministry Incorporated ($885k), Center for Siouxland ($886k) and Evangelical Services for the Aging ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $138k (17% of expenses). Other salaries and wages came to $317k. At year end it held assets of $1.3m against liabilities of $313k, net assets of $1.0m. It reported 8 employees.