New Europe Vision Inc

Analysis

New Europe Vision Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in July 1996, 30 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 December 2023, New Europe Vision Inc reported income of $59k and spending of $220k, spending 372% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $59k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2022, when income rose by 264%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Europe Vision Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Roadie Clinic Inc ($59k), Erie Uplink ($59k) and Family Child Care Association of New York State Inc ($59k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.