New Earth Inc

Analysis

New Earth Inc is a registered charity in United States, based in Pineville, LA. It received its IRS tax-exemption ruling in May 1981, 45 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 June 2024, New Earth Inc reported income of $573k and spending of $680k, spending 119% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $774k to $573k (-26%), an average of -7.2% a year. The sharpest change came in the year to June 2022, when income dropped by 35%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Earth Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within LA. Charities of a similar size with the same main cause include Bethel Manor Inc ($573k), City Garden Grade School ($573k) and Sandpoint Area Seniors Inc ($573k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $66k (9.7% of expenses). Other salaries and wages came to $184k. At year end it held assets of $2.6m against liabilities of $15k, net assets of $2.6m. It reported 9 employees.