Newalliance Foundation Inc

Nonprofit profile at a glance

EIN
562453619
IRS 990-PF coverage
2016–2025
Forms available
Form 990-PF 2025, Form 990-T 2020
Location
New Haven, CT, USA
Phone
2038596555
Rating
90
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$1,423,939
Expenses
$1,891,374

Source: IRS Form 990-PF. Selected filing: tax year 2025. Amounts in USD.

Overview

Mission

Newalliance Foundation Inc is a nonprofit. Location: New Haven, CT. EIN 562453619. Tax year 2025 Form 990-PF reports $1.4M revenue and $1.9M expenses.

What it reported funding in 2025

The foundation reported 156 grants totaling $1,147,075. The stated grant purposes included to support renovations to 280 blake street in new haven, ct, in order to create a multipurpose arts venue for creativity, community and inclusive economic growth., to support amistad academy and elm city college preparatory., and to support the advancement of human rights and the defense of civil liberties., plus 128 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 66% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. The filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 61
  • Transparency: 100
  • Compliance: 94
  • Endowment Health: 88

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 63rd percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 60.5%; rating input score 61; 12th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 17 of 19 controls in place; rating input score 89
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 31.11; rating input score 88; 88th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 88th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 10 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 160 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Compliance: Part VII-B activity disclosures: 2 of 19 not reported.