Newtons Attic

Analysis

Newtons Attic is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Newtons Attic reported income of $736k and spending of $701k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $505k to $736k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newtons Attic 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 76th percentile, and in the 77th percentile within KY. Charities of a similar size with the same main cause include Equality New Mexico Foundation ($735k), New Life Thrift Shop ($736k) and Theres Hope for the Hungry Inc ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $21k (3.0% of expenses). Other salaries and wages came to $186k. At year end it held assets of $1.1m against liabilities of $60k, net assets of $1.1m. It reported 32 employees.