Child and Family Services of Newport County

Analysis

Child and Family Services of Newport County is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in October 1971, 55 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, Child and Family Services of Newport County reported income of $9.0m and spending of $10.2m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.2m to $9.0m (-11%), an average of -3.0% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Child and Family Services of Newport County sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within RI. Charities of a similar size with the same main cause include Cota Childrens Organ Transplant Association Inc ($9.0m), Independent Institute ($9.0m) and Community Memorial Hospital & Nursing Home ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $438k (4.3% of expenses). Other salaries and wages came to $5.6m. At year end it held assets of $19.9m against liabilities of $7.5m, net assets of $12.4m. It reported 172 employees.