New Vision Group Homes Inc

Analysis

New Vision Group Homes Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 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 2023, New Vision Group Homes Inc reported income of $144k and spending of $199k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $144k (+196%), an average of +196% a year. The sharpest change came in the year to December 2023, when income rose by 196%. Over the whole period it spent 139% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Vision Group Homes Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include An Ton Meditation Center ($144k), Casa de Luz SD ($144k) and Good People International Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $60k, net assets of -$50k.