New Outlook Inc

Analysis

New Outlook Inc is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in September 1985, 41 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 September 2023, New Outlook Inc reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $4.1m (+25%), an average of +5.7% a year. The sharpest change came in the year to September 2021, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Outlook Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Free to Be Programs ($4.1m), Western Fairfax Christian Ministries ($4.1m) and Mesilla Valley Community of Hope Incorporated ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $146k (3.5% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $1.7m against liabilities of $369k, net assets of $1.3m. It reported 126 employees.