New Day Inc

Analysis

New Day Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Day Inc reported income of $129k and spending of $106k, spending 82% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $103k to $129k (+26%), an average of +5.9% a year. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Day Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within KY. Charities of a similar size with the same main cause include We Stop the Tears ($129k), Helping Hands Ministries of Attala County Inc ($129k) and Vinita Senior Citizens Center ($129k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $231k against liabilities of $27k, net assets of $204k.