Newport News Green Foundation Inc

Analysis

Newport News Green Foundation Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in September 2000, 26 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, Newport News Green Foundation Inc reported income of $229k and spending of $281k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $229k (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2020, when income rose by 461%. Over the whole period it spent 46% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Newport News Green Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Service League of Cherokee County Georgia Inc ($229k), American Dental Hygienists Association Institute for Oral Hea ($229k) and Gateway Milbridge ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $71k (25% of expenses). At year end it held assets of $6.0m against liabilities of $29k, net assets of $5.9m. It reported 2 employees.