Newman High School Foundation

Analysis

Newman High School Foundation is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in February 1978, 48 years ago. 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, Newman High School Foundation reported income of $2.7m and spending of $1.7m, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $939k to $2.7m (+183%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 480%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newman High School Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IA. Charities of a similar size with the same main cause include Mt Hood Hospice ($2.7m), Tribal Education Departments National Assembly Co ($2.7m) and Society of St Vincent de Paul ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $63k (3.8% of expenses). Other salaries and wages came to $39k. It paid $70k in professional fundraising fees. At year end it held assets of $21.9m against liabilities of $66k, net assets of $21.8m.