New London Community and School District Foundation

Analysis

New London Community and School District Foundation is a registered charity in United States, based in New London, IA. It received its IRS tax-exemption ruling in October 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New London Community and School District Foundation reported income of $847k and spending of $976k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $786k to $847k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New London Community and School District Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within IA. Charities of a similar size with the same main cause include Montessori School of the Bay Area ($847k), Texas Association of Healthcare Facilities Management ($847k) and Alma Education and Arts Foundation Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $69k (7.1% of expenses). Other salaries and wages came to $592k. At year end it held assets of $1.2m against liabilities of $786k, net assets of $455k. It reported 58 employees.