New Dawn Incorporated

Analysis

New Dawn Incorporated is a registered charity in United States, based in Fulda, MN. It received its IRS tax-exemption ruling in October 1974, 52 years ago. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Dawn Incorporated reported income of $3.8m and spending of $4.0m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $3.8m (-6.2%), an average of -1.6% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Dawn Incorporated sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Assistance League of Long Beach ($3.8m), The Community Foundation for Ocala Marion County Inc ($3.8m) and Case Preparatory Academy ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $4.5m against liabilities of $305k, net assets of $4.2m. It reported 94 employees.