New Creation Business Advocates Inc

Analysis

New Creation Business Advocates Inc is a registered charity in United States, based in Valparaiso, IN. It received its IRS tax-exemption ruling in June 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 (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 Creation Business Advocates Inc reported income of $413k and spending of $398k, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $374k to $413k (+11%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Creation Business Advocates Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include Feed My Sheep - Temple ($413k), Trimedx Foundation Inc ($413k) and Silver Valley Seniors Inc ($413k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.5% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $7,719 (1.9% of expenses). Other salaries and wages came to $219k. At year end it held assets of $602k against liabilities of $398k, net assets of $204k. It reported 18 employees.