Murray H & Sharee C Newman Supporting Foundation

Analysis

Murray H & Sharee C Newman Supporting Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Murray H & Sharee C Newman Supporting Foundation reported income of $114k and spending of $44k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $8,469 to $114k (+1242%), an average of +1242% a year. The sharpest change came in the year to December 2023, when income rose by 1242%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Murray H & Sharee C Newman Supporting Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NE. Charities of a similar size with the same main cause include Festa de Devina Espritos Santos de Patterson ($114k), John C Robinson Brown Condor ($114k) and Boundary County Historical Society Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.