Newton at Home Inc

Analysis

Newton at Home Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Newton at Home Inc reported income of $286k and spending of $257k, spending 90% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $248k to $286k (+16%), an average of +4.9% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newton at Home Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Discovery Programs ($286k), Chair-Ity Inc ($286k) and Inglewood Board of Realtors Inc ($286k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $175k (68% of expenses). At year end it held assets of $125k against liabilities of $68k, net assets of $57k. It reported 6 employees.