Newton Cultural Alliance Inc

Analysis

Newton Cultural Alliance Inc is a registered charity in United States, based in West Newton, MA. It received its IRS tax-exemption ruling in September 2010, 16 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, Newton Cultural Alliance Inc reported income of $392k and spending of $769k, spending 196% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $392k (-63%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 125%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newton Cultural Alliance Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include City Theater Associates Inc 205 Main St ($391k), Institute for Critical Infrastructure Technology ($392k) and Rhythm X Performance Ensemble ($391k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $50k (6.5% of expenses). Other salaries and wages came to $73k. At year end it held assets of $6.0m against liabilities of $2.5m, net assets of $3.5m. It reported 8 employees.