Project New Day Foundation

Analysis

Project New Day Foundation is a registered charity in United States, based in Capitola, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Project New Day Foundation reported income of $142k and spending of $473k, spending 332% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $600k to $142k (-76%), an average of -76% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project New Day Foundation sits at the 34th percentile: it is larger than about 34% 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 Sav-A-Life of the Pearl River Area ($142k), Barbara Knight Foundation ($143k) and Asian Community Cancer Coalition ($142k).

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 $21k against liabilities of $0, net assets of $21k.