New Generations

Analysis

New Generations is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Generations reported income of $6.9m and spending of $7.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $6.9m (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Generations sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Anchor Ridge ($6.9m), Society of St Vincent de Paul Peoria Council ($7.0m) and Praxis Inc ($6.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $232k (3.0% of expenses). Other salaries and wages came to $725k. It paid $90k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $189k, net assets of $5.3m. It reported 21 employees.