New Generations Foundation Inc

Analysis

New Generations Foundation Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, New Generations Foundation Inc reported income of $87k and spending of $86k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $87k (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 966%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Generations Foundation Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include True Community Development Corporation ($87k), Hugo Pregnancy Care Center ($87k) and Operation Santa Claus ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.