News Foundation of Greater Fayetteville

Analysis

News Foundation of Greater Fayetteville is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in February 2022, 4 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 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 2023, News Foundation of Greater Fayetteville reported income of $186k and spending of $106k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $186k (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, News Foundation of Greater Fayetteville sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NC. Charities of a similar size with the same main cause include Maker Park Radio Incorporated ($186k), Historic Fallsington Incorporated ($186k) and Cranford Dramatic Club ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $1,600, net assets of $136k.