Newburyport Waterfront Trust

Analysis

Newburyport Waterfront Trust is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. 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 2023, Newburyport Waterfront Trust reported income of $172k and spending of $131k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $115k to $172k (+49%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newburyport Waterfront Trust sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include The Arc of Jefferson and Clearfield Counties ($172k), Health Service Programs Inc ($172k) and Vienna Recreational and Improvement Association ($172k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 86% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.