Newman Foundation of Oswego Inc

Analysis

Newman Foundation of Oswego Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Newman Foundation of Oswego Inc reported income of $107k and spending of $108k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $107k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Newman Foundation of Oswego Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Creative Word Ministries Inc ($107k), A Living Letter Ministries ($107k) and Servias Ministries Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.