The Newton B Thomas Support Foundation

Analysis

The Newton B Thomas Support Foundation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in April 2003, 23 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 December 2023, The Newton B Thomas Support Foundation reported income of $3.3m and spending of $890k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.3m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2023, when income rose by 309%. Over the whole period it spent 33% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Newton B Thomas Support Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Bdote Learing Center ($3.3m), Childhood League Inc ($3.3m) and Zenith Academy West ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. At year end it held assets of $18.0m against liabilities of $0, net assets of $18.0m.