Newton Public Library Foundation

Analysis

Newton Public Library Foundation is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Newton Public Library Foundation reported income of $55k and spending of $101k, spending 184% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $26k to $55k (+114%), an average of +21% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 166% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newton Public Library Foundation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within IA. Charities of a similar size with the same main cause include Institute for Christian Thought Inc ($55k), Swedish School Association in Seattle ($55k) and Mendota Youth Recreation Inc ($55k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 37% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.