New Voices Foundation

Analysis

New Voices Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 June 2023, New Voices Foundation reported income of $12.9m and spending of $1.4m, leaving 89% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $12.9m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 587%. Over the whole period it spent 18% 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 Voices Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Telford Foundation Inc ($12.9m), United Way Inc Dba United Way of Central & Northeastern CT ($13.0m) and Black Economic Alliance Foundation ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% of the total. At year end it held assets of $36.6m against liabilities of $37k, net assets of $36.6m.