Nonprofit screen
Screen a listNewcorp Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$2.6Mrevenue
FY20246staff
3 of 3years filed
’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin61.4%
Months of reserve46.7mo
Revenue growth (annualized)+26.6%
Middle half of peersMedianNewcorp
Where the money goes FY2024 · $1.0M spent
Programs$794k78%Management and general$225k22%990 FY2024 · Part IX line 25
Worth checking1
Federal awards stopped after FY2021
$1.8M in FY2021, none traced since.
USAspendingIn its favor1
Growing faster than peers
Revenue up 27% a year since FY2022, in the top quarter of similar nonprofits.
990 Part I · peer cohort13funders
$360ka year, last 3 years
42%from its largest funder
Funder’17’18’19’20’21’22’23The Kresge FoundationOn and off$200k$200k$260k$250k$200kWK Kellogg FoundationOn and off$275kNola Business AllianceSince FY2022$110k$110kJpmorgan Chase FoundationOn and off$175kSurdna Foundation IncOn and off$150kOpportunity Finance NetworkOn and off$150kDonor-advised giftsDonors not disclosed$75k$111k5 other fundersUp to $50k a year each$40k$15k$28k$35k$50k
FundedThrough a donor-advised fund