Newton Depot Authority

Analysis

Newton Depot Authority is a registered charity in United States, based in Newton, NC. It received its IRS tax-exemption ruling in November 2019, 7 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 (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, Newton Depot Authority reported income of $214k and spending of $162k, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $88k to $214k (+142%), an average of +34% a year. The sharpest change came in the year to June 2021, when income rose by 181%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newton Depot Authority 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 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Michigan Arts Access ($214k), Educational Services for Community Schools ($214k) and Daly Mansion Preservation Trust Inc ($214k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $17k. At year end it held assets of $1.6m against liabilities of $3,417, net assets of $1.5m.