Newly Destined Inc

Analysis

Newly Destined Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 2003, 23 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, Newly Destined Inc reported income of $949k and spending of $683k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $949k (+96%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 318%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newly Destined Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Alabama Chapter of the American Academy of Pediatrics ($949k), Ronald McDonald House Charities of Huntington Inc ($949k) and Accesshealth Horry Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $142k (21% of expenses). Other salaries and wages came to $185k. At year end it held assets of $1.3m against liabilities of $732k, net assets of $608k. It reported 13 employees.