New Market Opportunity Fund Inc

Analysis

New Market Opportunity Fund Inc is a registered charity in United States, based in Syracuse, IN. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, New Market Opportunity Fund Inc reported income of $1.3m and spending of $0, leaving 100% of income unspent that year. Across the 3 years on record, from May 2022 to December 2023, income grew from $1,144 to $1.3m (+110794%), an average of +3230% a year. The sharpest change came in the year to December 2022, when income rose by 24779%. Over the whole period it spent 0.0% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Market Opportunity Fund Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IN. Charities of a similar size with the same main cause include Skyline Park Citizens Association Inc ($1.3m), Utopia Foundation Inc ($1.3m) and International Ticketing Association Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.