New Choices Inc

Analysis

New Choices Inc is a registered charity in United States, based in Sidney, OH. It received its IRS tax-exemption ruling in February 1998, 28 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 Choices Inc reported income of $512k and spending of $582k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $456k to $512k (+12%), an average of +2.9% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Choices Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Learn-N-Play Inc ($511k), Horsemens Distress Fund Inc ($512k) and Eastern Oregon Mission ($511k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $290k. At year end it held assets of $794k against liabilities of $177k, net assets of $617k. It reported 13 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.