Newtowne School Incorporated

Analysis

Newtowne School Incorporated is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Newtowne School Incorporated reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $873k to $1.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newtowne School Incorporated 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 82nd percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Panhandle Crisis Center Inc ($1.2m), Wheels of Independence Inc ($1.2m) and Small Business Access Partners Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $224k (18% of expenses). Other salaries and wages came to $625k. At year end it held assets of $1.2m against liabilities of $381k, net assets of $862k. It reported 18 employees.