New Creation Inc

Analysis

New Creation Inc is a registered charity in United States, based in Olathe, KS. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Creation Inc reported income of $1.3m and spending of $793k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $241k to $1.3m (+436%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Creation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within KS. Charities of a similar size with the same main cause include Eugene Smilovic Housing Development Fund Corporation ($1.3m), Hancock Residential Center Non- Profit Housing Corporation Inc ($1.3m) and Casa Victoria Housing Development Fund Company Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $65k (8.2% of expenses). At year end it held assets of $869k against liabilities of $206k, net assets of $663k. It reported 17 employees.