New Start Housing Partners Inc

Analysis

New Start Housing Partners Inc is a registered charity in United States, based in Kissimmee, FL. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Start Housing Partners Inc reported income of $60k and spending of $358k, spending 595% of what it took in. Across the 4 years on record, from June 2020 to December 2023, income fell from $411k to $60k (-85%), an average of -47% a year. The sharpest change came in the year to June 2022, when income rose by 108%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Start Housing Partners Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Yellow Bird Initiatives ($60k), Glynn Paton Residential Corporation ($60k) and Rogersville Senior Citizens Housing Project Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 233% of the total. Compensation of current officers, directors and key employees was $80k (22% of expenses). Other salaries and wages came to $125k. At year end it held assets of $1.2m against liabilities of $847k, net assets of $308k. It reported 13 employees.