Nicholas Newlin Foundation

Analysis

Nicholas Newlin Foundation is a registered charity in United States, based in Glen Mills, PA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nicholas Newlin Foundation reported income of $598k and spending of $919k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.9m to $598k (-68%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nicholas Newlin Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Norfolk Rescue Mission Inc ($598k), Horizon Foundation Inc ($599k) and Welcome Neighbor STL Inc ($598k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 11% of the total. Other salaries and wages came to $474k. At year end it held assets of $18.7m against liabilities of $1,131, net assets of $18.7m. It reported 22 employees.