Newport Elementary School Foundation

Analysis

Newport Elementary School Foundation is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in June 1997, 29 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 June 2023, Newport Elementary School Foundation reported income of $165k and spending of $101k, leaving 39% of income unspent that year. Across the 2 years on record, from June 2019 to June 2023, income fell from $202k to $165k (-18%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newport Elementary School Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Victory Nursing Inc ($165k), The@spark Inc ($165k) and Washington School Parent School Organization ($165k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 4.7% of the total. At year end it held assets of $167k against liabilities of $0, net assets of $167k.