New Market Discovery Foundation Inc

Analysis

New Market Discovery Foundation Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 Market Discovery Foundation Inc reported income of $130k and spending of $91k, leaving 30% of income unspent that year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Market Discovery Foundation Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MD. Charities of a similar size with the same main cause include Sonshine Ministries Inc ($130k), Transcending Incrementalism ($130k) and Community Meals Inc ($130k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $2,687, net assets of $48k.