New Opportunities for Living

Analysis

New Opportunities for Living is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in December 1994, 32 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 June 2023, New Opportunities for Living reported income of $92k and spending of $95k, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $90k to $92k (+2.8%), an average of +0.7% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Opportunities for Living sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Fish Inc-Dunellen Area ($92k), Gaston County Educational Foundation Inc ($92k) and Napoleon Future Leaders ($92k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $361k against liabilities of $763k, net assets of -$401k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.