New Vision for Independence Inc

Analysis

New Vision for Independence Inc is a registered charity in United States, based in Leesburg, FL. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, New Vision for Independence Inc reported income of $630k and spending of $601k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $446k to $630k (+41%), an average of +9.0% a year. The sharpest change came in the year to September 2021, when income rose by 36%. 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 Vision for Independence Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Little Light of Mine Inc ($630k), Project Hope of Northeast Allegan County Inc ($630k) and Desplaines Community Senior Center ($630k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $65k (11% of expenses). Other salaries and wages came to $305k. It paid $1,418 in professional fundraising fees. At year end it held assets of $344k against liabilities of $31k, net assets of $313k. It reported 12 employees.