New Visions Homeless Services

Analysis

New Visions Homeless Services is a registered charity in United States, based in Council BLFS, IA. 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 December 2023, New Visions Homeless Services reported income of $4.5m and spending of $4.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.5m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Visions Homeless Services sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IA. Charities of a similar size with the same main cause include Alachua County Coalition for the Homeless and Hungry Inc ($4.5m), Spring 2 Life Addiction Recovery Ministry ($4.5m) and Big Horn Enterprises Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $218k (5.4% of expenses). Other salaries and wages came to $1.2m. It paid $36k in professional fundraising fees. At year end it held assets of $5.5m against liabilities of $408k, net assets of $5.1m. It reported 36 employees.