New Encounters Inc

Analysis

New Encounters Inc is a registered charity in United States, based in Corsicana, TX. It received its IRS tax-exemption ruling in May 1992, 34 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 December 2023, New Encounters Inc reported income of $752k and spending of $652k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $752k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Encounters Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Family Touch Inc ($751k), Stable Hands Inc ($752k) and One House at a Time ($751k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $144k (22% of expenses). Other salaries and wages came to $222k. At year end it held assets of $334k against liabilities of $0, net assets of $334k. It reported 5 employees.