New Pilgrim Homes Inc

Analysis

New Pilgrim Homes Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in September 1979, 47 years ago. 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 September 2023, New Pilgrim Homes Inc reported income of $1.5m and spending of $1.6m, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.5m (+4.8%), an average of +1.2% a year. The sharpest change came in the year to September 2022, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Pilgrim Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Jewish Women International ($1.5m), National Association of Power Engineers Educational FNDTN Inc ($1.5m) and Agc of Washington Education Foundation ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $171k. At year end it held assets of $3.8m against liabilities of $5.7m, net assets of -$1.9m.