New Philanthropists

Analysis

New Philanthropists is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Philanthropists reported income of $255k and spending of $337k, spending 132% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $210k to $255k (+21%), an average of +6.6% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Philanthropists sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Marysville Rotary Charitable Foundation ($254k), Cahoys Gymnastics Booster Club Inc ($255k) and Friends of Dewitt Parks & Rec Inc ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $95k (28% of expenses). At year end it held assets of $287k against liabilities of $0, net assets of $287k. It reported 1 employees.