Newhouse Inc

Analysis

Newhouse Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in May 1972, 54 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Newhouse Inc reported income of $5.4m and spending of $4.5m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.7m to $5.4m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newhouse Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include New Beginnings ($5.3m), Dynamos Parents Club Inc ($5.4m) and New Garden Friends School Inc ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $223k (4.9% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $8.0m against liabilities of $878k, net assets of $7.1m. It reported 95 employees.