New Era Community Group Inc

Analysis

New Era Community Group Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, New Era Community Group Inc reported income of $73k and spending of $77k, spending 106% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $832k to $73k (-91%), an average of -91% a year. The sharpest change came in the year to December 2022, when income dropped by 91%. Over the whole period it spent 27% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Era Community Group Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Medford Rotary Foundation ($73k), Kenton Historic Courthouse District Inc ($73k) and Moon Rising Retreat Inc ($73k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $660k against liabilities of $720, net assets of $659k.