CFRG Newco Inc

Analysis

CFRG Newco Inc is a registered charity in United States, based in Auburn, NY. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, CFRG Newco Inc reported income of $193k and spending of $109k, leaving 44% of income unspent that year. Across the 2 years on record, from August 2019 to August 2023, income grew from $5,892 to $193k (+3181%), an average of +3181% a year. The sharpest change came in the year to August 2023, when income rose by 3181%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, CFRG Newco Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Wayfinders Inc ($193k), Lake Linden - Hubbell Public Schools Foundation Inc ($193k) and Alaska Charr Future Hospitality Leaders Program ($193k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $2.8m against liabilities of $2.0m, net assets of $806k.