The Newport Public Library Foundation Inc

Analysis

The Newport Public Library Foundation Inc is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in September 1991, 35 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Newport Public Library Foundation Inc reported income of $55k and spending of $92k, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $46k to $55k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Newport Public Library Foundation Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within OR. Charities of a similar size with the same main cause include Southwest Writers Workshop ($55k), Ptsa Connecticut Inc ($55k) and Sanatan Dharam Maha Sabha of the West Indies Inc ($55k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $843k against liabilities of $0, net assets of $843k.