New Strides Inc

Analysis

New Strides Inc is a registered charity in United States, based in Islip Terrace, NY. It received its IRS tax-exemption ruling in March 1997, 29 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 Strides Inc reported income of $112k and spending of $174k, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $112k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 161% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Strides Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within NY. Charities of a similar size with the same main cause include Adventure Therapy Foundation Inc ($112k), Alana Dung Research Foundation ($112k) and Maxwell James Oskam Foundation Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $45k. At year end it held assets of $793k against liabilities of $1.1m, net assets of -$303k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.