News

Analysis

News is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in June 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, News reported income of $3.7m and spending of $3.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.7m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, News sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Gateway Rescue Mission Inc ($3.7m), Israel Select Charity Fund Inc ($3.7m) and Fathers Heart Street Ministry ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $169k (5.1% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.2m against liabilities of $365k, net assets of $2.9m. It reported 42 employees.