Newday Management Corporation

Analysis

Newday Management Corporation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Newday Management Corporation reported income of $76k and spending of $58k, leaving 23% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $80k to $76k (-5.7%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newday Management Corporation sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Union Apartment Project Inc ($75k), Camden 2011 Independent Living Inc ($76k) and Rooted Communities Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $133k against liabilities of $97k, net assets of $36k.