New Age Project Inc

Analysis

New Age Project Inc is a registered charity in United States, based in Holdenville, OK. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, New Age Project Inc reported income of $1.7m and spending of $1.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Age Project Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Agricultural & Applied Economics Association ($1.7m), Falls Church Community Service Council Incorporated ($1.7m) and The Bloc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $46k (2.6% of expenses). Other salaries and wages came to $650k. At year end it held assets of $1.1m against liabilities of $160, net assets of $1.1m. It reported 52 employees.