Newport Saint Patricks Day Parade Committee

Analysis

Newport Saint Patricks Day Parade Committee is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Newport Saint Patricks Day Parade Committee reported income of $54k and spending of $53k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $2,617 to $54k (+1981%), an average of +356% a year. The sharpest change came in the year to December 2022, when income rose by 1661%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Newport Saint Patricks Day Parade Committee sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within RI. Charities of a similar size with the same main cause include Rusk Ranch Nature Center ($54k), Stellar Leadership Inc ($54k) and East Islip Youth LA Crosse League Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.