Newport Sings

Analysis

Newport Sings is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Newport Sings reported income of $109k and spending of $86k, leaving 21% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $49k to $109k (+124%), an average of +124% a year. The sharpest change came in the year to June 2024, when income rose by 124%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newport Sings sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within RI. Charities of a similar size with the same main cause include Successful Inc ($109k), Capitol Hill Restoration Society Inc ($109k) and Geneva Hist Soc Endowment Fund ($109k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $46k against liabilities of $1,921, net assets of $44k.