New Discoveries Affiliated Building Company

Analysis

New Discoveries Affiliated Building Company is a registered charity in United States, based in Hutchinson, MN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Discoveries Affiliated Building Company reported income of $446k and spending of $432k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $74k to $446k (+500%), an average of +56% a year. The sharpest change came in the year to June 2020, when income rose by 498%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Discoveries Affiliated Building Company sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Smart Start of Davie County Inc ($446k), Acpa Research & Education Foundation ($446k) and Las Cruces Academy Inc ($446k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.7m against liabilities of $4.9m, net assets of -$136k.