New Growth Inc

Analysis

New Growth Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2024, New Growth Inc reported income of $145k and spending of $166k, spending 115% of what it took in. The sharpest change came in the year to June 2024, when income rose by 139%. Over the whole period it spent 114% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, New Growth Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($145k), Soccer Club of Springfield Inc ($145k) and Decatur Bulldog Athletic Booster Club ($145k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 4.7% and program service revenue 65% of the total. At year end it held assets of $26k against liabilities of $58k, net assets of -$32k.