New Door Ventures

Analysis

New Door Ventures is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1983, 43 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, New Door Ventures reported income of $5.6m and spending of $5.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.6m to $5.6m (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Door Ventures sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include All Ways Care Inc ($5.6m), Coach of San Diego Inc ($5.6m) and Tenants and Owners Development Corporation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $438k (8.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $13.4m against liabilities of $810k, net assets of $12.6m. It reported 166 employees.