New Age Services Corporation

Analysis

New Age Services Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1986, 40 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Age Services Corporation reported income of $2.6m and spending of $2.1m, spending 83% of its income. Across the 3 years on record, from June 2020 to June 2023, income fell from $2.8m to $2.6m (-8.7%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income dropped by 22%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Age Services Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Grove City Health System Foundation ($2.6m), Secu Family House at Unc Hospitals ($2.6m) and St Lawrence Health Foundation Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $108k (5.1% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $2.5m against liabilities of $934k, net assets of $1.5m. It reported 40 employees.