New Town Macon Inc

Analysis

New Town Macon Inc is a registered charity in United States, based in Macon, GA. It received its IRS tax-exemption ruling in May 1998, 28 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 June 2023, New Town Macon Inc reported income of $3.3m and spending of $2.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $3.3m (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 181%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Town Macon Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within GA. Charities of a similar size with the same main cause include Fac Center Local Development Corp ($3.3m), Biobat Inc ($3.3m) and 770 Moshiach Community Center Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $408k (14% of expenses). Other salaries and wages came to $570k. At year end it held assets of $36.2m against liabilities of $14.9m, net assets of $21.2m. It reported 16 employees.