Newport Senior Center

Analysis

Newport Senior Center is a registered charity in United States, based in Newport, NH. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newport Senior Center reported income of $1.2m and spending of $1.0m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.2m to $1.2m (-1.6%), an average of -0.5% a year. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Senior Center sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NH. Charities of a similar size with the same main cause include Westchester Youth Soccer League Inc ($1.2m), Clark County Veterans Assistance Center ($1.2m) and Mid Atlantic Amateur Hockey Association ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $66k (6.5% of expenses). Other salaries and wages came to $258k. At year end it held assets of $2.9m against liabilities of $60k, net assets of $2.8m. It reported 35 employees.