New Creation Foundation Inc

Analysis

New Creation Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Creation Foundation Inc reported income of $1.0m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $740k to $1.0m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Creation Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Yavapai Casa for Kids Foundation ($1.0m), Westaid ($1.0m) and Transplant Alliance Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $139k (13% of expenses). Other salaries and wages came to $468k. At year end it held assets of $2.3m against liabilities of $1.2m, net assets of $1.0m. It reported 39 employees.