New Perspectives Inc

Analysis

New Perspectives Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in December 1977, 49 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Perspectives Inc reported income of $1.1m and spending of $988k, spending 89% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $568k to $1.1m (+97%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Perspectives Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include International Caterers Association Educational Foundation ($1.1m), Backroads of Appalachia ($1.1m) and Windstorm Insurance Network Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $111k (11% of expenses). Other salaries and wages came to $497k. At year end it held assets of $1.5m against liabilities of $192k, net assets of $1.3m. It reported 22 employees.