Newton Schools Foundation Inc

Analysis

Newton Schools Foundation Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in November 1970, 56 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 June 2023, Newton Schools Foundation Inc reported income of $414k and spending of $406k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $470k to $414k (-12%), an average of -3.1% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newton Schools Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Childrens Weekday Program ($414k), Open Way Learning ($414k) and Israel Renaissance Fund Inc ($414k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $30k. It paid $1,451 in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $293k, net assets of $2.9m. It reported 2 employees.