New Concepts for Living Inc

Analysis

New Concepts for Living Inc is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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 Concepts for Living Inc reported income of $26.5m and spending of $20.8m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $26.5m (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Concepts for Living Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Mission Economic Development Agency ($26.5m), Caribou Medical Center Inc ($26.5m) and North Penn Comprehensive Health Services ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $656k (3.1% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $52.3m against liabilities of $22.0m, net assets of $30.3m. It reported 413 employees.