Newvue Liabilities to Assets Inc

Analysis

Newvue Liabilities to Assets Inc is a registered charity in United States, based in Fitchburg, MA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Newvue Liabilities to Assets Inc reported income of $267k and spending of $96k, leaving 64% of income unspent that year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Newvue Liabilities to Assets Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Noble County Convention and Visitors Bureau Inc ($267k), National Executive Service Corps ($267k) and Friends of Vienna ($267k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.1m against liabilities of $1.9m, net assets of $172k.