New London-Spicer Educational Foundation

Analysis

New London-Spicer Educational Foundation is a registered charity in United States, based in New London, MN. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, New London-Spicer Educational Foundation reported income of $56k and spending of $43k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $242k to $56k (-77%), an average of -31% a year. The sharpest change came in the year to December 2021, when income rose by 315%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New London-Spicer Educational Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 18th percentile within MN. Charities of a similar size with the same main cause include Irish Music and Dance Association ($56k), Omaha Japanese School ($56k) and Logan Jett Research Foundation Inc ($56k).

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 $630k against liabilities of $0, net assets of $630k.