New Thing Inc

Analysis

New Thing Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Thing Inc reported income of $102k and spending of $112k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $119k to $102k (-14%), an average of -14% a year. Over the whole period it spent 122% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Thing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Catholic Kolping Society Chicago ($102k), Miami Peniel Church of the Nazarene Inc ($102k) and Awakening Vajra ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.