New Found Community Foundation Inc

Analysis

New Found Community Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, New Found Community Foundation Inc reported income of $2.5m and spending of $2.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.9m to $2.5m (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 162%. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New Found Community Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Living Free Ministries Inc ($2.5m), Roane County Patch ($2.5m) and Caring House Inc ($2.5m).

Compensation of current officers, directors and key employees was $4,250 (0.2% of expenses). At year end it held assets of $59.6m against liabilities of $0, net assets of $59.6m.