Canton Ex-Newsboys Association

Analysis

Canton Ex-Newsboys Association is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in May 1983, 43 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 December 2023, Canton Ex-Newsboys Association reported income of $235k and spending of $280k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $235k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Canton Ex-Newsboys Association 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 57th percentile, and in the 57th percentile within OH. Charities of a similar size with the same main cause include Kare for Kids Inc ($235k), Moms for Moms NYC Inc ($235k) and Clinton Community Christian Corporation ($235k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.1% of the total. At year end it held assets of $455k against liabilities of $0, net assets of $455k.