New Foundland Foundation

Analysis

New Foundland Foundation is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundland Foundation reported income of $230k and spending of $230k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $230k (+114%), an average of +114% a year. The sharpest change came in the year to December 2023, when income rose by 114%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Foundland Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Global 365 Prayer Network Inc ($230k), Association of Hill Country Churches ($230k) and New Evangelicals ($230k).

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 $6,075 against liabilities of $0, net assets of $6,075.