New Directions Inc

Analysis

New Directions Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1989, 37 years ago. 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 Directions Inc reported income of $7.9m and spending of $7.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.8m to $7.9m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Directions Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Chicago Foundation for Women ($7.9m), Habitat for Humanity International Inc ($7.9m) and St Marys Woods Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $215k (2.8% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.7m against liabilities of $935k, net assets of $6.8m. It reported 110 employees.