Newberry Investing in Childrens Education

Analysis

Newberry Investing in Childrens Education is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newberry Investing in Childrens Education reported income of $5.5m and spending of $1.8m, leaving 67% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $5.5m (+135%), an average of +33% a year. The sharpest change came in the year to June 2022, when income rose by 153%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newberry Investing in Childrens Education sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Middle Tree ($5.5m), Mott Hall Charter School ($5.5m) and Duke Juldec Services Inc ($5.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $40.8m against liabilities of $40.8m, net assets of $0.