New Moms Inc

Analysis

New Moms Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 1984, 42 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 June 2023, New Moms Inc reported income of $8.0m and spending of $7.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $8.0m (+54%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Moms Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IL. Charities of a similar size with the same main cause include The Episcopal Church Home Inc ($8.0m), Lifewire ($8.0m) and Community Assistance Network Inc ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $403k (5.2% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $21.7m against liabilities of $13.7m, net assets of $8.0m. It reported 163 employees.