Create Newberry Inc

Analysis

Create Newberry Inc is a registered charity in United States, based in Newberry, SC. It received its IRS tax-exemption ruling in November 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 June 2023, Create Newberry Inc reported income of $85k and spending of $37k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to June 2023, income fell from $141k to $85k (-40%), an average of -40% a year. The sharpest change came in the year to June 2023, when income dropped by 40%. Over the whole period it spent 44% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Create Newberry Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 39th percentile within SC. Charities of a similar size with the same main cause include India Association of Greater Boston Inc ($85k), Central California Chapter American Historical Soc Germans From Russia ($85k) and Theatre Southwest Inc ($85k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $156k against liabilities of $0, net assets of $156k.