New Bremen Foundation Inc

Analysis

New Bremen Foundation Inc is a registered charity in United States, based in New Bremen, OH. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 November 2023, New Bremen Foundation Inc reported income of $1.4m and spending of $688k, leaving 50% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.1m to $1.4m (+21%), an average of +4.8% a year. The sharpest change came in the year to November 2020, when income rose by 540%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Bremen Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Embrace Families Foundation Inc ($1.4m), Gaudium Et Spes ($1.4m) and Impact 100 Pensacola Bay Area Inc ($1.4m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $19.3m against liabilities of $0, net assets of $19.3m.