A New Day Inc

Analysis

A New Day Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 1976, 50 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 June 2023, A New Day Inc reported income of $4.1m and spending of $4.1m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.1m to $4.1m (+35%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A New Day 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 91st percentile, and in the 93rd percentile within NM. Charities of a similar size with the same main cause include Pine Harbour Inc ($4.1m), New York Foundation for Senior Citizens Guardian Services Inc ($4.1m) and Abilities Richmond ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 59% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $4.4m against liabilities of $535k, net assets of $3.8m. It reported 103 employees.