Newtown Arts Company

Analysis

Newtown Arts Company is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in June 2020, 6 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 December 2023, Newtown Arts Company reported income of $196k and spending of $137k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $143k to $196k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newtown Arts Company sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include San Jose Fire Museum ($196k), Crushing Colonialism ($196k) and Madison Opera Foundation Inc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 63% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.