New Story Inc

Analysis

New Story Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, New Story Inc reported income of $6.1m and spending of $7.9m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.4m to $6.1m (-42%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 47%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Story Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Southeast Alabama Youth Services Incorporated ($6.1m), Missoula Food Bank & Community Center Incorporated ($6.1m) and Maharishi Foundation International ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $1.0m (13% of expenses). At year end it held assets of $12.3m against liabilities of $4.2m, net assets of $8.1m. It reported 37 employees.