New4you

Analysis

New4you is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, New4you reported income of $251k and spending of $250k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $188k to $251k (+33%), an average of +33% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New4you sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MD. Charities of a similar size with the same main cause include Cozad Haymaker Grand Generation Inc ($250k), Lasos ($251k) and Eaton Area Senior Center Inc ($250k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.