New Samaritan Development Corporation

Analysis

New Samaritan Development Corporation is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in March 1988, 38 years ago. 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 Samaritan Development Corporation reported income of $85k and spending of $67k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income fell from $101k to $85k (-16%), an average of -4.2% a year. The sharpest change came in the year to September 2023, when income dropped by 17%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Samaritan Development Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Kuchan Foundation ($85k), The Herb Brooks Foundation ($85k) and Project Amazonas Inc ($85k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 75% of the total. Other salaries and wages came to $9,953. At year end it held assets of $5.1m against liabilities of $33k, net assets of $5.1m.