Newtown Community Development Corporation

Analysis

Newtown Community Development Corporation is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in September 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Newtown Community Development Corporation reported income of $4.4m and spending of $2.0m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $4.4m (+332%), an average of +44% a year. The sharpest change came in the year to June 2021, when income rose by 103%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Newtown Community Development Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within AZ. Charities of a similar size with the same main cause include Leadingage California Foundation ($4.4m), Somaltow Housing Company Inc ($4.4m) and Iris Park Commons ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $132k (6.5% of expenses). Other salaries and wages came to $349k. At year end it held assets of $19.3m against liabilities of $6.8m, net assets of $12.5m. It reported 9 employees.