New Life for a New Generation

Analysis

New Life for a New Generation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2016, 10 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 August 2022, New Life for a New Generation reported income of $343k and spending of $457k, spending 133% of what it took in. Across the 3 years on record, from December 2019 to August 2022, income fell from $569k to $343k (-40%), an average of -22% a year. The sharpest change came in the year to August 2022, when income dropped by 53%. 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 Life for a New Generation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Provision Packs ($343k), Hope Centers United ($343k) and Freedom United ($343k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $156k. At year end it held assets of $22k against liabilities of $38k, net assets of -$17k. It reported 31 employees.