Newfields Inc

Analysis

Newfields Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 1937, 89 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Newfields Inc reported income of $62.0m and spending of $45.9m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $77.0m to $62.0m (-19%), an average of -5.3% a year. The sharpest change came in the year to June 2020, when income dropped by 34%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newfields Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IN. Charities of a similar size with the same main cause include San Antonio Valley Ranch LLC ($61.9m), Society for Science and the Public ($63.6m) and Hudson-Alpha Institute for Biotechnology ($61.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $1.3m (2.8% of expenses). Other salaries and wages came to $14.7m. At year end it held assets of $526.5m against liabilities of $60.3m, net assets of $466.3m. It reported 527 employees.