Newspirit Village

Analysis

Newspirit Village is a registered charity in United States, based in Ashland, OR. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Newspirit Village reported income of $3.4m and spending of $7,127, leaving 100% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $516k to $3.4m (+553%), an average of +156% a year. The sharpest change came in the year to December 2023, when income rose by 765%. Over the whole period it spent 0.7% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newspirit Village sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Housing Development Fund Inc ($3.4m), Habitat for Humanity International Inc ($3.4m) and House of Freedom Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $4.3m against liabilities of $13k, net assets of $4.2m.