Newton County Tomorrow Inc

Analysis

Newton County Tomorrow Inc is a registered charity in United States, based in Covington, GA. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Newton County Tomorrow Inc reported income of $139k and spending of $146k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $139k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Newton County Tomorrow Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within GA. Charities of a similar size with the same main cause include Gardiner Main Street ($139k), Pensacola Area Chamber Foundation Inc ($139k) and Widow Connection Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.