Newark Public Radio Inc

Analysis

Newark Public Radio Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Newark Public Radio Inc reported income of $4.8m and spending of $5.6m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.7m to $4.8m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to September 2022, when income dropped by 25%. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newark Public Radio Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include National Italian American Foundation Inc ($4.8m), Redlands Community Music Association Inc ($4.8m) and American Institute for Economic Research Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $769k (14% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.7m against liabilities of $438k, net assets of $3.2m. It reported 51 employees.