New London Education Foundation Inc

Analysis

New London Education Foundation Inc is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in March 2008, 18 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 Education Foundation Inc reported income of $124k and spending of $84k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $278k to $124k (-56%), an average of -18% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New London Education Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within CT. Charities of a similar size with the same main cause include William Annin Middle School Athletic Organization Inc ($124k), C O R E S Inc ($124k) and Williamson County Chamber Foundation ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. At year end it held assets of $667k against liabilities of $0, net assets of $667k.