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MISSION

The specific purpose of New Discovery Foundation is to support the education of children and people that have been disproportionately impacted. The foundation provides grants to non-profit organizations advancing the foundation's specific purpose.

 FORM 1023-EZ for NEW DISCOVERY FOUNDATION

WEBSITE: HTTP://NEWDISCOVERYFOUNDATION.WEEBLY.COM

DEMOGRAPHIC

ADDRESS
3626 FREDONIA DR
90068
COUNTY
los angeles county, CA
IN CARE OF NAME
JAYAN HONG

ORGANIZATIONAL OVERVIEW & RANKINGS

NEW DISCOVERY FOUNDATION is a based in LOS ANGELES, CA, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Private Independent Foundations. Established in March 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $41,451.00, this ranks 593,913 among 2,656,690 nonprofits nationally (Top 23%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 62,272 out of 275,729 organizations in CA (Top 23%).

In los angeles county, CA, the organization ranks 15,025 out of 71,287 nonprofits by assets (Top 22%), while locally in los angeles, it stands at 4,629 among 19,629 organizations (Top 24%).

The organization reported no revenue in the most recent filing period, placing it at 1,844,003 nationally and 196,042 in CA.

Within its specific NTEE classification (T22 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 25,677 similar organizations, NEW DISCOVERY FOUNDATION ranks 18,468 in assets (Top 72%) and 22,783 in revenue (Top 89%).

The organization files a 990 - Not required to file(all other) and operates on a November fiscal year. Additional information can be found at HTTP://NEWDISCOVERYFOUNDATION.WEEBLY.COM.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T22: Private Independent Foundations
FOUNDATION CODE
N/A
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$10,000.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
03/2020
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$41,451.00
FILING REQUIREMENT CODE
990 - Not required to file(all other)
PF FILING REQUIREMENT CODE
990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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