Newtown Scholarship Association Incorporated

Analysis

Newtown Scholarship Association Incorporated is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in September 1963, 63 years ago. 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, Newtown Scholarship Association Incorporated reported income of $333k and spending of $314k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $333k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 69% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newtown Scholarship Association Incorporated 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 64th percentile, and in the 61st percentile within CT. Charities of a similar size with the same main cause include Farmington Volunteer Fire Department Inc ($333k), Youth Growth Stock Trust ($333k) and Reading Berks Conference of Churches ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.