New Visions for New Castle

Analysis

New Visions for New Castle is a registered charity in United States, based in New Castle, PA. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Visions for New Castle reported income of $78k and spending of $142k, spending 181% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $290k to $78k (-73%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Visions for New Castle sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within PA. Charities of a similar size with the same main cause include Triangle Alano Club Inc ($78k), Rotary Club of Kalispell Daybreak Foundation Inc ($78k) and Student Dream ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.