New Kids on the Block Inc

Analysis

New Kids on the Block Inc is a registered charity in United States, based in Sheridan, MT. It received its IRS tax-exemption ruling in December 2017, 9 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 Kids on the Block Inc reported income of $121k and spending of $137k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $173k to $121k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Kids on the Block Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 39th percentile within MT. Charities of a similar size with the same main cause include Pay It Forward Christmas Charity Inc ($121k), Rock Creek Disabled Outdoors Inc ($121k) and Ablepay Inc ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 82% of the total. At year end it held assets of $152k against liabilities of $1,525, net assets of $150k.