New Foundations Home for Children Inc

Analysis

New Foundations Home for Children Inc is a registered charity in United States, based in Anderson, SC. It received its IRS tax-exemption ruling in October 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, New Foundations Home for Children Inc reported income of $5.7m and spending of $5.7m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.4m to $5.7m (+6.0%), an average of +1.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Foundations Home for Children Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Community Living Centers Inc ($5.7m), Villages of Indiana Foundation Inc ($5.7m) and Maternal and Child Health Access ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $110k (1.9% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $4.2m against liabilities of $1.3m, net assets of $2.9m. It reported 147 employees.