Healthy Newsworks

Analysis

Healthy Newsworks is a registered charity in United States, based in Pilgrim GDNS, PA. It received its IRS tax-exemption ruling in August 2017, 9 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 June 2023, Healthy Newsworks reported income of $389k and spending of $367k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $314k to $389k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Healthy Newsworks sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Entrepreneurship Institute ($389k), Concord Youth Theatre Inc ($389k) and A Womans Choice ($389k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $85k (23% of expenses). Other salaries and wages came to $117k. At year end it held assets of $377k against liabilities of $0, net assets of $377k. It reported 6 employees.