Newberry Consort NFP

Analysis

Newberry Consort NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2009, 17 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 (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, Newberry Consort NFP reported income of $294k and spending of $443k, spending 151% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $748k to $294k (-61%), an average of -27% a year. The sharpest change came in the year to June 2022, when income rose by 212%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newberry Consort NFP sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Baltimore Improv Group Inc ($294k), Billings Community Cable Corporation ($294k) and Nick Loeb Foundation Inc ($294k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $40k (9.1% of expenses). Other salaries and wages came to $21k. At year end it held assets of $590k against liabilities of $4,000, net assets of $586k. It reported 2 employees.