New Day Foundation

Analysis

New Day Foundation is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in March 2009, 17 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 Day Foundation reported income of $1.4m and spending of $1.2m, spending 84% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.0m to $1.4m (+40%), an average of +7.0% a year. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Day Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Northeast Deaf & Hard Hearing Services Inc ($1.4m), Domestic Violence Program Inc ($1.4m) and Three Grains of Rice Missions Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $158k (13% of expenses). Other salaries and wages came to $554k. At year end it held assets of $1.3m against liabilities of $95k, net assets of $1.2m. It reported 14 employees.