New World Academy Foundation

Analysis

New World Academy Foundation is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 World Academy Foundation reported income of $50k and spending of $50k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $189k to $50k (-73%), an average of -74% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 21% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New World Academy Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Nurturing Potential International ($50k), Nationwide Recruits Inc ($50k) and Empire Rises Inc ($50k).

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 $189k against liabilities of $0, net assets of $189k.