Suburban Journals Old Newsboys Fund for Children

Analysis

Suburban Journals Old Newsboys Fund for Children is a registered charity in United States, based in Maryland Heights, MO. It received its IRS tax-exemption ruling in January 1989, 37 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, Suburban Journals Old Newsboys Fund for Children reported income of $352k and spending of $345k, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income fell from $417k to $352k (-16%), an average of -3.3% a year. The sharpest change came in the year to June 2021, when income dropped by 51%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Suburban Journals Old Newsboys Fund for Children sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within MO. Charities of a similar size with the same main cause include Pequannock Township High School Association of Music Parents ($352k), Mineola Kindness Kottage Inc ($352k) and Rhode Island Masonic Youth Foundation Inc ($352k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (9.5% of expenses). Other salaries and wages came to $12k. At year end it held assets of $74k against liabilities of $0, net assets of $74k. It reported 2 employees.