Newton Community Development Founation II Inc

Analysis

Newton Community Development Founation II 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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Founation II Inc reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+17%), an average of +4.1% a year. Over the whole period it spent 163% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newton Community Development Founation II Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Resource Service Ministries Inc ($1.5m), Lasalle Park Homes Inc ($1.5m) and Norwalk Congregate Homes for the Elderly Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 15% of the total. At year end it held assets of $3.3m against liabilities of $7.6m, net assets of -$4.4m.