New Day Orphanage

Analysis

New Day Orphanage is a registered charity in United States, based in Granbury, TX. It received its IRS tax-exemption ruling in July 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 Orphanage reported income of $420k and spending of $493k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $517k to $420k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Day Orphanage sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include 3hopeful Hearts ($420k), Colleton County Council on Aging Inc ($420k) and Responsible Party Services Inc ($420k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $81k (16% of expenses). Other salaries and wages came to $71k. It paid $1,699 in professional fundraising fees. At year end it held assets of $520k against liabilities of $0, net assets of $520k. It reported 4 employees.