New Community Project

Analysis

New Community Project is a registered charity in United States, based in Blue Ridge, VA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Project reported income of $1.1m and spending of $1.3m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $425k to $1.1m (+165%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Community Project sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Pleasantview ($1.1m), Equipment & Engine Training Council Inc ($1.1m) and Havenly ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $112k (8.3% of expenses). Other salaries and wages came to $1,377. At year end it held assets of $506k against liabilities of $96k, net assets of $410k. It reported 7 employees.