New Brothers Inc

Analysis

New Brothers Inc is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, New Brothers Inc reported income of $63k and spending of $63k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $63k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Brothers Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Hearts & Hammers ($63k), Fishtown Neighbors Association ($63k) and Popportunity Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,498 against liabilities of $1,320, net assets of $1,178.