Newtown Lions Foundation Inc

Analysis

Newtown Lions Foundation Inc is a registered charity in United States, based in Newtown, CT. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Newtown Lions Foundation Inc reported income of $55k and spending of $115k, spending 209% of what it took in. Across the 4 years on record, from June 2021 to June 2024, income fell from $56k to $55k (-2.0%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Newtown Lions Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within CT. Charities of a similar size with the same main cause include Marshall Hospital Foundation ($55k), Fairfield Fire Fighters Charitable Foundation ($55k) and Alameda Welfare Council Inc ($55k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 0.2% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.