Ohio Newsboys Association Inc

Analysis

Ohio Newsboys Association Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in March 1941, 85 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 May 2023, Ohio Newsboys Association Inc reported income of $5.5m and spending of $2.7m, leaving 51% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $1.4m to $5.5m (+300%), an average of +59% a year. The sharpest change came in the year to May 2023, when income rose by 169%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ohio Newsboys Association Inc sits at the 91st percentile: it is larger than about 91% 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 Parkside Homes Inc ($5.5m), Indianapolis Urban League Inc ($5.5m) and South Side Office of Concern ($5.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $352k. It paid $6,741 in professional fundraising fees. At year end it held assets of $12.5m against liabilities of $350, net assets of $12.5m. It reported 14 employees.