Old Newsboys of Flint

Analysis

Old Newsboys of Flint is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in September 1946, 80 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Old Newsboys of Flint reported income of $539k and spending of $462k, spending 86% of its income. Across the 5 years on record, from January 2020 to January 2024, income fell from $676k to $539k (-20%), an average of -5.5% a year. The sharpest change came in the year to January 2021, when income dropped by 22%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Newsboys of Flint sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Toms River American Soccer Club Inc T a Toms River Soccer Association ($539k), Undine Fire Company No 2 ($539k) and Ben Curtis Family Foundation ($539k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $231k. At year end it held assets of $2.6m against liabilities of $21k, net assets of $2.6m. It reported 11 employees.