Newton Community Service Centers Inc

Analysis

Newton Community Service Centers Inc is a registered charity in United States, based in W Newton, MA. It received its IRS tax-exemption ruling in October 1941, 85 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 2024, Newton Community Service Centers Inc reported income of $4.6m and spending of $5.0m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.4m to $4.6m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Community Service Centers Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Harvest Against Hunger ($4.6m), Make a Wish Foundation of Greater Los Angeles ($4.6m) and Self Initiated Living Options Inc ($4.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $218k (4.4% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $627k. It reported 89 employees.