Nuevo Foundation

Analysis

Nuevo Foundation is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nuevo Foundation reported income of $216k and spending of $42k, leaving 81% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $214k to $216k (+1.1%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nuevo Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within WA. Charities of a similar size with the same main cause include Agb Institute ($216k), Wilson School PTO ($216k) and Explorers Montessori Coastal Cooperative ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $921k against liabilities of $0, net assets of $921k.