New Market Foundation

Analysis

New Market Foundation is a registered charity in United States, based in New Market, IA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Market Foundation reported income of $130k and spending of $127k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $130k (+749%), an average of +71% a year. The sharpest change came in the year to December 2022, when income rose by 492%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Market Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Foundation for Food and Farm Connections ($130k), Santas Volunteers ($130k) and Feed the Need STL ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.