Newport in Bloom

Analysis

Newport in Bloom is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Newport in Bloom reported income of $118k and spending of $82k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $118k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 68% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Newport in Bloom sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within RI. Charities of a similar size with the same main cause include Sun River Watershed ($117k), Resilient Roots Inc ($118k) and Hilton Head Reef Foundation ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.