New West Community Capital Inc

Analysis

New West Community Capital Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in January 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, New West Community Capital Inc reported income of $3.3m and spending of $2.3m, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $3.3m (+4.4%), an average of +1.1% a year. The sharpest change came in the year to September 2022, when income dropped by 31%. Over the whole period it spent 66% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New West Community Capital Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within ID. Charities of a similar size with the same main cause include Guadalupe Neighborhood Development Corporation ($3.3m), Akron Community Development Association Inc ($3.3m) and Metroplex Economic Development Corp ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.0% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $312k (14% of expenses). Other salaries and wages came to $181k. At year end it held assets of $45.5m against liabilities of $31.7m, net assets of $13.8m. It reported 4 employees.