NEWCORP INC
AI Summary
NEWCORP INC is a private non-profit 501(C)(3) Community Development Financial Institution (CDFI) dedicated to fostering economic development by providing financial products, technical assistance, training, and advisory services to small and medium underserved businesses. With an operating budget of $1 million and total revenue of $2.6 million for the 2024 filing year, the organization benefits from significant funding sources, though it does not rely on any single funder for 50% or more of its revenue. For more information, visit their website at www.newcorpinc.com.
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Mission Statement
NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is NEWCORP INC’s budget?
In 2024, NEWCORP INC reported an annual operating budget of around $1 million. More detailed financial information is available to registered users.
What causes does NEWCORP INC support?
NEWCORP INC supports work in Economic development.
Where does NEWCORP INC operate?
NEWCORP INC is headquartered in New Orleans, LA.
Who funded NEWCORP INC recently?
In 2024, NEWCORP INC received grants from THE KRESGE FOUNDATION, JPMORGAN CHASE FOUNDATION, and TIDES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEWCORP INC received in 2024?
The largest grant to NEWCORP INC in 2024 exceeds $250 thousand.
What is NEWCORP INC’s reliance on government grants?
NEWCORP INC relied on government grants for more than 55% of their total revenue in 2024.
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