Historic Newburgh Inc

Analysis

Historic Newburgh Inc is a registered charity in United States, based in Newburgh, IN. It received its IRS tax-exemption ruling in November 1980, 46 years ago. 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, Historic Newburgh Inc reported income of $184k and spending of $230k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $342k to $184k (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Historic Newburgh Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 51st percentile within IN. Charities of a similar size with the same main cause include Indiana High School Color Guard Association Inc ($184k), PTA California Congress of Parents Teachers & Students Inc ($184k) and Codecycle-Org ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $44k (19% of expenses). Other salaries and wages came to $6,486. At year end it held assets of $89k against liabilities of $0, net assets of $89k. It reported 2 employees.