New Community Urban Renewal Corp

Analysis

New Community Urban Renewal Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Community Urban Renewal Corp reported income of $998k and spending of $965k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $998k to $998k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Community Urban Renewal Corp sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Estes Park Medical Center Foundation ($998k), Higher Ground Integrated Human Services Inc ($998k) and Joy to Life Foundation ($997k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.5m against liabilities of $3.8m, net assets of $693k.