Newport Commons Inc

Analysis

Newport Commons Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in February 2006, 20 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 June 2024, Newport Commons Inc reported income of $109k and spending of $128k, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $77k to $109k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newport Commons Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within KY. Charities of a similar size with the same main cause include Arcadia Courtside Inc ($109k), Wilson Major Morris Community Center Inc ($109k) and Abilities at Cumberland Towers Inc ($109k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$526k. It reported 6 employees.

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.