New America Corporation

Analysis

New America Corporation is a registered charity in United States, based in Orangeburg, SC. It received its IRS tax-exemption ruling in May 2010, 16 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 2022, New America Corporation reported income of $606k and spending of $553k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.8m to $606k (-84%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New America Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Lutheran High School in Mayer Foundation ($606k), Pearce Area Band Club Inc ($606k) and Nassau Cooperative Nursery School ($606k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.5% and program service revenue 159% of the total. Compensation of current officers, directors and key employees was $36k (6.5% of expenses). At year end it held assets of $7.0m against liabilities of $2.1m, net assets of $4.9m. It reported 1 employees.