Newport Film Inc

Analysis

Newport Film Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in August 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 December 2023, Newport Film Inc reported income of $846k and spending of $826k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $563k to $846k (+50%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newport Film Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 74th percentile within RI. Charities of a similar size with the same main cause include Artogether ($846k), Pinecone the Piedmont Council of Traditional Music ($846k) and Salt Marsh Opera Company ($845k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $109k (13% of expenses). Other salaries and wages came to $217k. It paid $32k in professional fundraising fees. At year end it held assets of $723k against liabilities of $67k, net assets of $656k. It reported 14 employees.