New Economics for Women

Analysis

New Economics for Women is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1985, 41 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 June 2023, New Economics for Women reported income of $10.4m and spending of $12.4m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $10.4m (+152%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Economics for Women 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 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Crenulated Company Ltd ($10.4m), Hopelink of Southern Nevada ($10.5m) and Augusta Homes ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $133k (1.1% of expenses). Other salaries and wages came to $5.1m. It paid $6,000 in professional fundraising fees. At year end it held assets of $58.7m against liabilities of $44.6m, net assets of $14.1m. It reported 113 employees.