Newark Campus Development Fund

Analysis

Newark Campus Development Fund is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Newark Campus Development Fund reported income of $5.6m and spending of $5.4m, spending 96% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $4.9m to $5.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to October 2021, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newark Campus Development Fund sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include Glenwood School Inc ($5.6m), Galaxy Education Inc ($5.6m) and Millville Public Charter School ($5.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 56% of the total. At year end it held assets of $45.4m against liabilities of $0, net assets of $45.4m.