John and Virginia Newton Scholarship Fund

Analysis

John and Virginia Newton Scholarship Fund is a registered charity in United States, based in Griffin, GA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, John and Virginia Newton Scholarship Fund reported income of $76k and spending of $35k, leaving 54% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $200k to $76k (-62%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 36583%. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, John and Virginia Newton Scholarship Fund sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include Philadelphia Alumni Chapter Housing Corporation ($76k), Glencoe-Silver Lake Trapshooting ($76k) and Gateway Opportunities for Exceptional Learning Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $246k against liabilities of $0, net assets of $246k.