Umom New Day Centers Inc

Analysis

Umom New Day Centers Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in September 1999, 27 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 (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, Umom New Day Centers Inc reported income of $20.4m and spending of $22.8m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $26.0m to $20.4m (-22%), an average of -5.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Umom New Day Centers Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within AZ. Charities of a similar size with the same main cause include Resource Housing Group Inc ($20.4m), Good Samaritan Shelter ($20.4m) and University Facilities Inc ($20.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $909k (4.0% of expenses). Other salaries and wages came to $7.5m. At year end it held assets of $33.2m against liabilities of $4.4m, net assets of $28.8m. It reported 278 employees.