New Opportunities

Analysis

New Opportunities is a registered charity in United States, based in Granite City, IL. It received its IRS tax-exemption ruling in May 1978, 48 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 2024, New Opportunities reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $809k to $1.1m (+41%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Opportunities sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Buena Vista Child Care Inc ($1.1m), Korean American Community Foundation of San Francisco ($1.1m) and Northern Star Transportation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Other salaries and wages came to $675k. At year end it held assets of $1.8m against liabilities of $46k, net assets of $1.8m. It reported 17 employees.