Isaac Newton Foundation Inc

Analysis

Isaac Newton Foundation Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Isaac Newton Foundation Inc reported income of $9.3m and spending of $9.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $9.3m (+98%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isaac Newton Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Brookwood School Inc ($9.3m), Wayne State University ($9.3m) and Socrates Academy Inc ($9.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 90% of the total. At year end it held assets of $135.7m against liabilities of $127.7m, net assets of $8.0m.