Newark Area Welfare Committee Inc

Analysis

Newark Area Welfare Committee Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in June 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 December 2023, Newark Area Welfare Committee Inc reported income of $320k and spending of $300k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $223k to $320k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Area Welfare Committee Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 57th percentile within DE. Charities of a similar size with the same main cause include Arc Foundation of Saratoga County Inc ($320k), The Jain Sangh Inc ($320k) and Robert L Walls Senior Citizens Center of the New Macedonia Baptis ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.