New Heights Youth Inc

Analysis

New Heights Youth Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, New Heights Youth Inc reported income of $3.6m and spending of $3.9m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $3.6m (+71%), an average of +14% a year. The sharpest change came in the year to August 2022, when income rose by 30%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Heights Youth Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Clubs in Tennessee ($3.6m), Bgca Funds Holdco Inc ($3.6m) and Service Year Exchange Inc ($3.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 105% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $487k (13% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.5m against liabilities of $424k, net assets of $3.1m. It reported 67 employees.