Newton Highlands Community Development Corp

Analysis

Newton Highlands Community Development Corp is a registered charity in United States, based in Newton HLDS, MA. It received its IRS tax-exemption ruling in October 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Highlands Community Development Corp reported income of $281k and spending of $258k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $396k to $281k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newton Highlands Community Development Corp sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Liberty Group Senior Services Inc ($280k), Shepherds Hand Inc ($281k) and Christmas Cheer Agency of Alamance County Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $76k (29% of expenses). At year end it held assets of $562k against liabilities of $39k, net assets of $523k. It reported 1 employees.