Newark Arts Alliance Inc

Analysis

Newark Arts Alliance Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in September 1994, 32 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Newark Arts Alliance Inc reported income of $138k and spending of $127k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $162k to $138k (-14%), an average of -14% a year. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newark Arts Alliance Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 39th percentile within DE. Charities of a similar size with the same main cause include Quintango Inc ($138k), Reflections Series Inc ($138k) and On the Inside ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 41% of the total. At year end it held assets of $278k against liabilities of $0, net assets of $278k.