New South Foundation Inc

Analysis

New South Foundation Inc is a registered charity in United States, based in Atlanta, GA. 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 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 South Foundation Inc reported income of $173k and spending of $90k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $173k (+72%), an average of +72% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New South Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within GA. Charities of a similar size with the same main cause include Creative Steam ($173k), Rational Games Inc ($173k) and Virginia Squash Racquets Association Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $253k against liabilities of $39k, net assets of $214k.