New American Resources Center Inc

Analysis

New American Resources Center Inc is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in March 2022, 4 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 December 2023, New American Resources Center Inc reported income of $283k and spending of $315k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $115k to $283k (+146%), an average of +146% a year. The sharpest change came in the year to December 2023, when income rose by 146%. 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, New American Resources Center Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Margaret Jo Hogg Dementia Support Center ($283k), Caring Voices ($283k) and Mid-Ohio Board for Independent Living ($282k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $25k (7.9% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 4 employees.