New Century Center

Analysis

New Century Center is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, New Century Center reported income of $119k and spending of $244k, spending 204% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $152k to $119k (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2020, when income dropped by 30%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Century Center sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Oxfair Homes Incorporated ($119k), Resident Council Association of Greenwood Village South Inc ($119k) and Central Louisiana Independent Living Center ($119k).

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 $478k against liabilities of $1.2m, net assets of -$696k.

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.