Community Welfare Council of Newtown Inc

Analysis

Community Welfare Council of Newtown Inc is a registered charity in United States, based in Newtown, PA. It received its IRS tax-exemption ruling in July 1955, 71 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, Community Welfare Council of Newtown Inc reported income of $10.5m and spending of $11.9m, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.8m to $10.5m (+7.2%), an average of +1.7% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Welfare Council of Newtown Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Mid-Delta Community Services Inc ($10.5m), Downtown Action to Save Housing ($10.5m) and Advancing Opportunities Inc ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 87% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $40.0m against liabilities of $11.6m, net assets of $28.4m. It reported 233 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.