Newcomb Academy Foundation

Analysis

Newcomb Academy Foundation is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in September 2004, 22 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 June 2024, Newcomb Academy Foundation reported income of $215k and spending of $276k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $71k to $215k (+202%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 242%. Over the whole period it spent 127% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newcomb Academy Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Kids 360 Early Learning Academy Inc ($215k), Private School Tuition Fund 123 ($215k) and National Foundation for Judicial Excellence ($215k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.