Art & Newport

Analysis

Art & Newport is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in March 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 December 2023, Art & Newport reported income of $162k and spending of $99k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $268k to $162k (-40%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art & Newport sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within RI. Charities of a similar size with the same main cause include Afterword Music Ministry ($162k), Poor Peoples Radio Inc ($162k) and Charging Robotics ($162k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $211k against liabilities of $0, net assets of $211k.