Newport Public Education Foundation

Analysis

Newport Public Education Foundation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Newport Public Education Foundation reported income of $437k and spending of $66k, leaving 85% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $215k to $437k (+103%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newport Public Education Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Elmhurst Montessori Preschool Inc ($437k), Kut Different ($437k) and Filipino School ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.