Newport Health Property Management Inc

Analysis

Newport Health Property Management Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in May 1985, 41 years ago. 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 September 2023, Newport Health Property Management Inc reported income of $382k and spending of $431k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $419k to $382k (-8.6%), an average of -2.2% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newport Health Property Management Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within RI. Charities of a similar size with the same main cause include Chackbay Volunteer Fire Department Inc ($382k), Kids First Center ($382k) and Epworth Village Inc ($382k).

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 $3.5m against liabilities of $81k, net assets of $3.4m.

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.