Newark Organization for the Creative Arts

Analysis

Newark Organization for the Creative Arts is a registered charity in United States, based in Newark, OH. It received its IRS tax-exemption ruling in May 2020, 6 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 December 2023, Newark Organization for the Creative Arts reported income of $147k and spending of $147k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $147k (+29%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newark Organization for the Creative Arts sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within OH. Charities of a similar size with the same main cause include Iaf Inc ($147k), Bridlemile Foundation ($147k) and Eternal Resources ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. At year end it held assets of $39k against liabilities of $21, net assets of $39k.