Newton Fine Arts Association Inc

Analysis

Newton Fine Arts Association Inc is a registered charity in United States, based in Newton, KS. It received its IRS tax-exemption ruling in February 1980, 46 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 December 2023, Newton Fine Arts Association Inc reported income of $150k and spending of $130k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $270k to $150k (-44%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newton Fine Arts Association Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within KS. Charities of a similar size with the same main cause include Frontline USA ($150k), PTA California Congress of Parents Teachers & Students Inc ($150k) and Cumberland Valley Antique Engine and Machinery Association Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $38k (29% of expenses). Other salaries and wages came to $17k. At year end it held assets of $619k against liabilities of $2,294, net assets of $617k. It reported 7 employees.