Newton Village Inc

Analysis

Newton Village Inc is a registered charity in United States, based in Edina, MN. It received its IRS tax-exemption ruling in January 2004, 22 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 (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 Village Inc reported income of $6.5m and spending of $6.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.5m (+14%), an average of +3.4% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newton Village Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Guest House of Milwaukee Inc ($6.5m), Atlanta Land TR Inc ($6.5m) and Crown Court Properties Ltd ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% and program service revenue 90% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $10.3m against liabilities of $9.9m, net assets of $370k. It reported 136 employees.