A New Generation of Hernando Inc

Analysis

A New Generation of Hernando Inc is a registered charity in United States, based in Spring Hill, FL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover health care, 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, A New Generation of Hernando Inc reported income of $482k and spending of $488k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $482k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A New Generation of Hernando Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Sparrow Fund ($482k), Iron County Home Health Agency ($482k) and Massachusetts Alliance for Sober Housing Inc ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Other salaries and wages came to $266k. At year end it held assets of $375k against liabilities of $993, net assets of $374k. It reported 16 employees.