Newton Community Development Foundation Inc

Analysis

Newton Community Development Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in May 1970, 56 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 December 2023, Newton Community Development Foundation Inc reported income of $2.5m and spending of $2.1m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.5m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 276%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Community Development Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Shepherd of the Plains Foundation ($2.5m), Tri-County Society for Children & Adults Inc ($2.5m) and Dietert Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $209k (10% of expenses). Other salaries and wages came to $1.1m. It paid $13k in professional fundraising fees. At year end it held assets of $12.2m against liabilities of $2.4m, net assets of $9.8m. It reported 26 employees.