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The New World Foundation

New York, NY · EIN 13-1919791 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

The New World Foundation reported $132.5 million in revenue and $20.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $87.21 went to program services, $11.50 to management and general costs and $1.29 to fundraising. Its largest source of revenue was contributions and grants: 97.9% of the total. The highest compensation it reported for one person was $533,926 (PRESIDENT). 7 people received more than $100,000 in reportable compensation. Revenue rose 202% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $20M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $132M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 1,001 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
87.2%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
11.5%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
1.3%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
97.9%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$533,926$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.64%1.56%
People paid over $100,000
Part VII, line 2
73
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
130.956.6
Independent voting board members
Part VI 1a–1b
10 of 10100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$6.3M expenses · 35.7% of program spending · grants $5.8M

Quality jobs fund:the quality jobs fund is a major initiative to enhance community wealth and the potential of working families by seeding sustainable long-term community wellbeing programs in distressed communities of arizona, california and nevada. Our goal: to address the problems of inequality through quality job expansion and skill development

$2.2M expenses · 12.3% of program spending · grants $1.0M · revenue $3,005

Local economies project & partners for climate action hudson valley project:the local economies project supports vibrant, interconnected communities that are powered by the people who live there. We see food and farming as a cornerstone of every region and critical to the movement towards stronger, more resilient economies. Our major initiatives: partners for climate action and local stewardship and community, revolve around supporting communities in repair of our natural systems, mend our civic fabric, and usher in a more cooperative and resilient future

$369K expenses · 2.1% of program spending · grants $189K

Phx - phoenix fund at nwf was established in 1996 and is dedicated to empowering U.S. Workers and their rights through strong unions. Through the phoenix fund grantmaking program, we are investing in frontline organizations and collaborations that are building economic justice movements from the bottom up. Our work is focused on organizing in areas with and without worker centers and representation, and building deep relationships between organized labor, unorganized workers, and our community partners. We are also investing in the creation of solidarity campaigns and networks that will help…

$8.8M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 40.00 hrs/week
$420,551$0$113,375$533,926
DIR. OF THE LOCAL ECON. PR
Key employee, 40.00 hrs/week
$252,843$0$75,187$328,030
VICE PRESIDENT
Officer, 40.00 hrs/week
$221,011$0$99,111$320,122
DIR. OF FINANCE & ADMIN.
Officer, 40.00 hrs/week
$215,190$0$82,985$298,175
PROGRAM OFFICER
Highest compensated employee, 40.00 hrs/week
$167,789$0$90,573$258,362
PROGRAM OFFICER
Highest compensated employee, 40.00 hrs/week
$117,454$0$46,587$164,041
FINANCE ASSOCIATE
Highest compensated employee, 40.00 hrs/week
$107,693$0$31,493$139,186

7 people received more than $100,000 in reportable compensation from The New World Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$132M$20M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$132M$20M87.2%$221M$533,926
FY2024 ⓘ$21M$26M91.4%$109M$484,317
FY2023 ⓘ$20M$25M92.6%$111M$430,653
FY2022 ⓘ$12M$16M91.9%$112M$434,771
FY2021 ⓘ$15M$24M94.1%$122M$429,905
FY2020 ⓘ$44M$24M92.4%$174M$399,445

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 514
  • Volunteers Part I, line 611

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
PATTERSON BELKNAP WEBB & TYLER LLP
Legal fees
$129,833
YAEL MARANTZ
Program consulting
$110,481
MARGA INC
Program consulting
$109,500

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

13 private foundations reported grants to The New World Foundation totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from The New World Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The New World Foundation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of The New World Foundation's spending goes to programs?

In the fiscal year ending September 30, 2025, The New World Foundation reported that 87.2% of its $20.2 million in expenses went to program services, 11.5% to management and general and 1.3% to fundraising (Form 990, Part IX).

How much does The New World Foundation pay its top executive?

The largest total compensation The New World Foundation reported for one person in the fiscal year ending September 30, 2025 was $533,926, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does The New World Foundation get its money?

Of $132.5 million in revenue in the fiscal year ending September 30, 2025, 97.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is The New World Foundation a registered charity?

The IRS lists EIN 13-1919791 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202612299349302056 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532279349301808 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202442289349303579 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202342279349303494 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202222279349303587 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132289349302958 · read the filing

All filings for EIN 13-1919791: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.