New Way California Foundation

Analysis

New Way California Foundation is a registered charity in United States, based in Antelope, CA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover social science, 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 Way California Foundation reported income of $496k and spending of $411k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $496k (+319%), an average of +319% a year. The sharpest change came in the year to December 2023, when income rose by 319%. Over the whole period it spent 91% 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 Way California Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Moroccan Jewish Heritage Federation Inc ($496k), Winchester School of Chinese Culture Inc ($497k) and Meridian Symphony Association Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $46k in professional fundraising fees. At year end it held assets of $279k against liabilities of $0, net assets of $279k.