New Day

Analysis

New Day is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, New Day reported income of $147k and spending of $117k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income fell from $206k to $147k (-29%), an average of -16% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Day sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Canticle Place Inc ($147k), Hazen Pioneer Apartments ($147k) and New Hope Apartments Inc ($147k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $94k against liabilities of $26k, net assets of $67k.