Josh Neuman Foundation Inc

Analysis

Josh Neuman Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Josh Neuman Foundation Inc reported income of $125k and spending of $48k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $232k to $125k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Josh Neuman Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Veterans for Veterans of Archuleta County ($125k), Fairway Foundation Inc ($125k) and Illinois Backstretch Charitable Foundation ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $260k against liabilities of $2,516, net assets of $257k.