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Filing year 2024

New Growth Inc

Encino, California·EIN 32-0653545·NTEE N20 · Recreation & Sports·501(c)(3)
Total revenue
$254k
Total assets
$17k
Total expenses
$234k
Reported officers
3
Mission

To ensure that families in Los Angeles have an accessible and inclusive space for their children. To aim to develop programs that serve diverse populations and strive for more equity amongst the participants.

Reported officers (all unpaid)

No paid executives reported in 2024. New Growth Inc reported 3 unpaid officers and board members on its 990.

CFO
Secretary
CEO
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at New Growth Inc equaled 11% of the organization's total expenses. The median for recreation & sports organizations is 8%.

This organization (2023)
11%
Sector median
8%
Middle half of sector
4% to 16%

Based on 7,435 recreation & sports organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Held steady
from 2022

From $18k in 2022 to $18k in 2023.

$18k
2022
$18k
2023
In today's dollarsEst.
Down 3% in real terms$21k to $20k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Financial Officer pay held roughly steady from 2022 to 2023, while revenue rose 139%.

$18k in 2022 to $18k in 2023.
  • Board Secretary pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

New Growth Inc reported revenue and expenses across 3 filing years.

RevenueExpenses
$61k
$68k
2022
$145k
$166k
2023
$254k
$234k
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Recreation & Sports executives earn in California

New Growth Inc reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable recreation & sports organization in California earns a median of $58,320.

25th percentile
$20k
Median
$58,320
75th percentile
$117k
90th percentile
$191k

These are recreation & sports sector-wide figures, not this organization's reported pay. Based on 831 organizations across 831 filings (2020 – 2024).

See full Recreation & Sports pay data for California

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FAQ

Common questions about New Growth Inc

What are New Growth Inc's revenue and expenses?

In 2024, New Growth Inc reported $254k in total revenue and $234k in total expenses on its IRS Form 990.

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