New Creation Foundation Inc

Analysis

New Creation Foundation Inc is a registered charity in United States, based in Troup, TX. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 December 2023, New Creation Foundation Inc reported income of $571k and spending of $665k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $815k to $571k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Creation Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Odylia Therapeutics Inc ($571k), Outdoor Sports Institute Inc ($571k) and Upper Ohio Valley Sexual Assault ($571k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $26k (3.9% of expenses). Other salaries and wages came to $173k. At year end it held assets of $786k against liabilities of $761k, net assets of $25k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.