New Destiny Family Success Centers Inc

Analysis

New Destiny Family Success Centers Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in February 2010, 16 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 June 2023, New Destiny Family Success Centers Inc reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $609k to $1.1m (+76%), an average of +15% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Destiny Family Success Centers Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Paulding Enterprises Inc ($1.1m), The Hopi Foundation Lomasuminagwtukwsiumani ($1.1m) and Global Evangelism ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $85k (7.7% of expenses). Other salaries and wages came to $578k. At year end it held assets of $180k against liabilities of $52k, net assets of $128k. It reported 19 employees.