Newman Living

Analysis

Newman Living is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newman Living reported income of $499k and spending of $454k, spending 91% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $345k to $499k (+44%), an average of +44% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newman Living sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within ND. Charities of a similar size with the same main cause include Big Brothers & Big Sisters of the Tri-State Inc ($499k), Perrysburg Soccer Club ($499k) and Stamford Cross Road Residences Inc ($499k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $182k against liabilities of $47k, net assets of $135k.