Isidore Newman School Foundation

Analysis

Isidore Newman School Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Isidore Newman School Foundation reported income of $3.1m and spending of $2.4m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.1m (+13%), an average of +3.0% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isidore Newman School Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Brockway Recreational Revitalization Plan Group ($3.1m), Community College of Denver Foundation ($3.1m) and Rooted School Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $54.5m against liabilities of $384k, net assets of $54.2m.