New Era Creative Space Inc

Analysis

New Era Creative Space Inc is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in March 2019, 7 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 2022, New Era Creative Space Inc reported income of $669k and spending of $416k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $247k to $669k (+171%), an average of +171% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Era Creative Space Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Lower Bucks Community Centers Inc ($669k), Common Ground Farm Inc ($669k) and One Accord for Kids ($669k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% and program service revenue 16% of the total. Other salaries and wages came to $134k. At year end it held assets of $395k against liabilities of $2,585, net assets of $392k. It reported 6 employees.