North Newstead Association

Analysis

North Newstead Association is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, North Newstead Association reported income of $691k and spending of $796k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $691k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 125% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, North Newstead Association sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 72nd percentile within MO. Charities of a similar size with the same main cause include Arizona Regional Economic Development Foundation ($690k), West Augustine Historical Community Development Corporation ($691k) and Watertown Industrial Center Local Development Corporation ($689k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $72k (9.1% of expenses). Other salaries and wages came to $110k. At year end it held assets of $2.2m against liabilities of $2.4m, net assets of -$232k. It reported 3 employees.

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.