New Day Products Inc

Analysis

New Day Products Inc is a registered charity in United States, based in Pocatello, ID. It received its IRS tax-exemption ruling in April 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, New Day Products Inc reported income of $2.4m and spending of $2.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.4m (+38%), an average of +8.4% a year. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Day Products Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within ID. Charities of a similar size with the same main cause include Rotary Charities of Traverse City ($2.4m), Workforce Development Board Sda-83 Inc ($2.4m) and Institute for Sustainable Infrastructure ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $2.0m against liabilities of $54k, net assets of $1.9m. It reported 170 employees.