New Community Outreach

Analysis

New Community Outreach is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1975, 51 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Community Outreach reported income of $417k and spending of $259k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $161k to $417k (+159%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 86%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Community Outreach sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IL. Charities of a similar size with the same main cause include Josephines Place Inc ($417k), Trust Under Last Will & Testament H C Graham ($418k) and Greater East Canton Community ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (37% of expenses). Other salaries and wages came to $9,625. At year end it held assets of $352k against liabilities of $5,847, net assets of $346k. It reported 3 employees.