Newport Community School

Analysis

Newport Community School is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Newport Community School reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+17%), an average of +3.9% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newport Community School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within RI. Charities of a similar size with the same main cause include LA Paz Global ($1.5m), Covenant Academy ($1.5m) and National Dance Education Organization ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $113k (6.9% of expenses). Other salaries and wages came to $885k. At year end it held assets of $385k against liabilities of $59k, net assets of $325k. It reported 103 employees.