Newton Main Street

Analysis

Newton Main Street is a registered charity in United States, based in Newton, IA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Newton Main Street reported income of $352k and spending of $510k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $352k (+138%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newton Main Street sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Campton Historic Agricultural Lands ($352k), International Society for Performance Improvement ($352k) and Fredericksburg Symphony Orchestra ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $51k. At year end it held assets of $8,981 against liabilities of $1,286, net assets of $7,695. It reported 1 employees.