Newburyport Education Foundation

Analysis

Newburyport Education Foundation is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Newburyport Education Foundation reported income of $324k and spending of $377k, spending 116% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $408k to $324k (-20%), an average of -7.3% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newburyport Education Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Life Light Educational Foundation ($324k), Temple University Law Foundation ($325k) and North Ridgeville Athletic Boosters ($324k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $59k (16% of expenses). At year end it held assets of $1.7m against liabilities of $4,597, net assets of $1.7m. It reported 1 employees.