Newhouse Inc

Analysis

Newhouse Inc is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in July 2003, 23 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Newhouse Inc reported income of $100k and spending of $133k, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $90k to $100k (+12%), an average of +2.8% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newhouse Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within HI. Charities of a similar size with the same main cause include River City Housing Connections ($100k), Loaves and Fishes Housing Inc ($100k) and Thomas Contentment Inc ($100k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $838k against liabilities of $1.5m, net assets of -$623k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.