New Majority Foundation

Analysis

New Majority Foundation is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 Majority Foundation reported income of $69k and spending of $78k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $69k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Majority Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Educational Foundation of America ($69k), In Dulci Jubilo Inc ($69k) and Willard Parent Teacher Group ($69k).

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 $27k against liabilities of $0, net assets of $27k.