New America Foundation

Analysis

New America Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 America Foundation reported income of $46.8m and spending of $40.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.1m to $46.8m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New America Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Shawnigan Lake School ($46.8m), Presence Life Connections ($46.9m) and Council of State Governments ($46.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $2.7m (6.6% of expenses). Other salaries and wages came to $15.4m. It paid $58k in professional fundraising fees. At year end it held assets of $88.0m against liabilities of $31.6m, net assets of $56.4m. It reported 188 employees.