Newday Services for Children & Families

Analysis

Newday Services for Children & Families is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Newday Services for Children & Families reported income of $1.5m and spending of $1.4m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newday Services for Children & Families sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include South Peninsula Haven House Inc ($1.5m), Brashear Association Incorporated ($1.5m) and Reimagine Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $90k (6.6% of expenses). Other salaries and wages came to $984k. At year end it held assets of $348k against liabilities of $2,828, net assets of $346k. It reported 49 employees.