Newman Foundation Corporation of Northern Ohio

Analysis

Newman Foundation Corporation of Northern Ohio is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Newman Foundation Corporation of Northern Ohio reported income of $154k and spending of $54k, leaving 65% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $54k to $154k (+183%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 677%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newman Foundation Corporation of Northern Ohio sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within OH. Charities of a similar size with the same main cause include Frontera Farmer Foundation ($154k), The Milton Community Food Pantry Incorporated ($154k) and Hungarian Human Rights Foundation ($154k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.