Human Services
(P400)
IRS Verified
DX Registered
990 on File
NEWGROUND INC
Financial strength (30%)
87/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
We maintain that the key to breaking the cycle of homelessness is not only to provide short-term assistance to homeless Veterans and families, but to work at eliminating its root causes so these individuals can become, and remain, self-supporting. We identify and then respond to those at risk with programs that provide educational, technical, and emotional support. This empowers our Veterans and families to function independently. Working in collaboration with the public and private sector, NEW GROUND works with existing agencies to better respond to the growing needs and challenges of Long Island’s homeless population.
Financial Overview — FY 2024
$1.1M
Total Revenue
$1.1M
Total Expenses
$1.1M
Net Assets
10
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
93.0%
Fundraising Efficiency
5.1%
Operating Reserve
11.40x
Liability-to-Asset
28.4%
Revenue Diversification
45.6%
Executive Compensation
$153K
Compared with Peers
FY 2024
Compared with 7,588 similar organizations
(United States, Human Services, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
93.0% | 85.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.1% | 11.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.8% | 0.4% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
5.1% | 121.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
11.4 mo | 8.5 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
28.4% | 13.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
45.6% | 93.2% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
29.0% | 7.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
32.7% | 7.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
2.8% | 1.9% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Help struggling Veterans and families move out of poverty and secure permanent stable housing | 650 | $1,846.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.1M | $1.1M | $1.1M | 93.0% | 10 |
| 2023 | $885K | $836K | $1.0M | 92.1% | 8 |
| 2022 | $817K | $752K | $973K | 91.4% | 7 |
| 2021 | $808K | $621K | N/A | — | 7 |
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