New Vision Services Inc

Analysis

New Vision Services Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, New Vision Services Inc reported income of $569k and spending of $632k, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.1m to $569k (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 33%. 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 Vision Services Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include First Baptist Pre-School of Labelle Inc ($569k), Peace Haven Association ($569k) and Californians for Homeownership Inc ($569k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Other salaries and wages came to $364k. At year end it held assets of $508k against liabilities of $27k, net assets of $481k. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.