Newdeal Forum

Analysis

Newdeal Forum is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, Newdeal Forum reported income of $593k and spending of $332k, leaving 44% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $162k to $593k (+266%), an average of +38% a year. The sharpest change came in the year to May 2023, when income rose by 143%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newdeal Forum sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 46th percentile within DC. Charities of a similar size with the same main cause include York Fresh Food Farms ($593k), New York State Youth Leadership Council Inc ($593k) and Next Step Programs Inc ($593k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (15% of expenses). Other salaries and wages came to $119k. At year end it held assets of $988k against liabilities of $87k, net assets of $901k.