Newton High Peak Inc

Analysis

Newton High Peak Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newton High Peak Inc reported income of $664k and spending of $2.7m, spending 405% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.3m to $664k (-95%), an average of -52% a year. The sharpest change came in the year to June 2021, when income rose by 374%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newton High Peak Inc 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 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Islamic Academy of Riverside ($664k), The North American Foundation for the University of Durham Inc ($664k) and Saint Francis Montessori ($664k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 388% of the total. Compensation of current officers, directors and key employees was $71k (2.6% of expenses). Other salaries and wages came to $484k. At year end it held assets of $46.1m against liabilities of $27.1m, net assets of $19.0m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.