2life Opus Newton Inc

Analysis

2life Opus Newton Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in October 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 2life Opus Newton Inc reported income of $114k and spending of $55k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $114k (+1032%), an average of +1032% a year. The sharpest change came in the year to December 2023, when income rose by 1032%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2life Opus Newton Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Halcyon Foundation ($113k), Share XI Inc ($114k) and Lillian Holliday Residence Corporation ($113k).

At year end it held assets of $23.9m against liabilities of $23.8m, net assets of $68k.