New Vision Foundation

Analysis

New Vision Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Vision Foundation reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $1.3m (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 379%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, New Vision Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Heralds of the Gospel Foundation Inc ($1.3m), Bayit Brigade ($1.3m) and Allied Extract Afghanistan ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $122k (11% of expenses). Other salaries and wages came to $482k. It paid $21k in professional fundraising fees. At year end it held assets of $809k against liabilities of $146k, net assets of $663k. It reported 13 employees.