New Vision Properties Inc

Analysis

New Vision Properties Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Vision Properties Inc reported income of $509k and spending of $516k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.8m to $509k (-72%), an average of -28% a year. The sharpest change came in the year to June 2020, when income dropped by 71%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Vision Properties Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Associated Students of Sierra College ($509k), Kestrel Schools Inc ($509k) and School District of Superior Scholarship Foundation Inc ($509k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.4m against liabilities of $3.4m, net assets of -$47k.