Home of New Vision

Analysis

Home of New Vision is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in April 1997, 29 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 December 2023, Home of New Vision reported income of $4.7m and spending of $4.8m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $4.7m (+32%), an average of +7.2% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Home of New Vision sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Menorah Park Foundation ($4.7m), A Giving Hand Org Inc ($4.7m) and Crowley County Nursing Center ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $160k (3.3% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $1.9m against liabilities of $717k, net assets of $1.2m. It reported 157 employees.