Newton Commonwealth Foundation Inc

Analysis

Newton Commonwealth Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in December 1981, 45 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newton Commonwealth Foundation Inc reported income of $883k and spending of $295k, leaving 67% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $449k to $883k (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 43% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newton Commonwealth Foundation 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 78th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Racine Area Soccer Association Inc ($882k), Texas Motorized Trail Coalition Inc ($883k) and Boston Fencing Club Inc ($882k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $5.2m against liabilities of $70k, net assets of $5.2m.