New State Inc

Analysis

New State Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 State Inc reported income of $103k and spending of $79k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $103k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New State Inc 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 38th percentile, and in the 37th percentile within WI. Charities of a similar size with the same main cause include Sweet Adelines International ($103k), Blue Ridge Orchestra ($103k) and LA Casa de LA Cultura Isabelina Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $122k against liabilities of $880, net assets of $122k.