New Day Foundation Inc

Analysis

New Day Foundation Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, New Day Foundation Inc reported income of $1.0m and spending of $1.4m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $254k to $1.0m (+307%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 133%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Day Foundation 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 80th percentile, and in the 81st percentile within OK. Charities of a similar size with the same main cause include Salina Area United Way Inc ($1.0m), Mondays Dark Inc ($1.0m) and City to City Socal ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $137k (9.9% of expenses). At year end it held assets of $4.8m against liabilities of $0, net assets of $4.8m. It reported 2 employees.