Newport News Scottish Rite Foundation

Analysis

Newport News Scottish Rite Foundation is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in March 2019, 7 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, Newport News Scottish Rite Foundation reported income of $112k and spending of $93k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $112k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 55% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newport News Scottish Rite Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Northeast Alabama Community College Foundation ($112k), Arizona Farm Bureau Educational Farming Company ($112k) and Carpenter School PTO ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $343k against liabilities of $30k, net assets of $313k.