New Community Leadership Foundation Inc

Analysis

New Community Leadership Foundation Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Community Leadership Foundation Inc reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $187k to $1.1m (+509%), an average of +147% a year. The sharpest change came in the year to December 2022, when income rose by 410%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Community Leadership Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Sheboygan County Economic Development Corporation Foundation ($1.1m), Vocational Advancement Center Inc ($1.1m) and Craft Training Employment ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $72k (6.6% of expenses). Other salaries and wages came to $189k. At year end it held assets of $82k against liabilities of $0, net assets of $82k.