New Leaf Inc

Analysis

New Leaf Inc is a registered charity in United States, based in Oak Harbor, WA. It received its IRS tax-exemption ruling in August 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Leaf Inc reported income of $8.3m and spending of $7.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.7m to $8.3m (+8.7%), an average of +2.1% a year. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Leaf Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Equip Enterprises ($8.3m), Northwest Community Alliance Inc ($8.3m) and Businesses United in Investing Lending and Development ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $5.2m. At year end it held assets of $14.0m against liabilities of $634k, net assets of $13.4m. It reported 178 employees.