Newton Services Foundation Inc

Analysis

Newton Services Foundation Inc is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Newton Services Foundation Inc reported income of $3.0m and spending of $3.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.9m to $3.0m (-78%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 66%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newton Services Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Women in Sports and Events Inc ($3.0m), Axis International Academy ($3.0m) and Forward Arkansas ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $2.5m against liabilities of $247k, net assets of $2.2m. It reported 163 employees.