Newport Partnership for Families

Analysis

Newport Partnership for Families is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Newport Partnership for Families reported income of $444k and spending of $524k, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $358k to $444k (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 47%. 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, Newport Partnership for Families sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within RI. Charities of a similar size with the same main cause include Hope House of Scott County ($444k), Decorative Arts Society ($444k) and RMDC Eagle Rock Inc ($444k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $19k. At year end it held assets of $219k against liabilities of $1,894, net assets of $217k. It reported 2 employees.