New Consensus

Analysis

New Consensus is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2019, 7 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 December 2023, New Consensus reported income of $201k and spending of $643k, spending 321% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.1m to $201k (-81%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 69008%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Consensus sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 30th percentile within DC. Charities of a similar size with the same main cause include Cleveland Rotary Foundation ($200k), Startupstark ($201k) and Eritrean Community in Seattle and Vicinity ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $180k (28% of expenses). Other salaries and wages came to $186k. At year end it held assets of $146k against liabilities of $3,405, net assets of $142k. It reported 4 employees.