Trustees of New Castle Common

Analysis

Trustees of New Castle Common is a registered charity in United States, based in HST Newcastle, DE. It received its IRS tax-exemption ruling in July 1962, 64 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Trustees of New Castle Common reported income of $3.9m and spending of $3.0m, leaving 22% of income unspent that year. Across the 6 years on record, from March 2019 to March 2024, income grew from $3.2m to $3.9m (+21%), an average of +3.9% a year. The sharpest change came in the year to March 2024, when income rose by 27%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Trustees of New Castle Common sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within DE. Charities of a similar size with the same main cause include Korean Immigrant Workers Advocates of Southern California ($3.9m), Samoan Community Development Center Incorporated ($3.9m) and North Central Indiana Regional Planning Council ($3.9m).

Other salaries and wages came to $105k. At year end it held assets of $18.5m against liabilities of $503k, net assets of $18.0m. It reported 3 employees.