Newark Days Celebration Inc

Analysis

Newark Days Celebration Inc is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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, Newark Days Celebration Inc reported income of $198k and spending of $151k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $198k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Days Celebration Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Genesis Center for Christian Counseling Inc ($198k), Boone County Youth Soccer Association ($198k) and Juniata Valley Ambulance Service Association Inc ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 92% of the total. At year end it held assets of $296k against liabilities of $0, net assets of $296k.