Dr Huey P Newton Foundation

Analysis

Dr Huey P Newton Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. 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 December 2023, Dr Huey P Newton Foundation reported income of $1.0m and spending of $513k, leaving 50% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $314k to $1.0m (+223%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 242%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dr Huey P Newton Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Aeronautical Center Employees Child Care Center Inc ($1.0m), United Way of York County SC ($1.0m) and Boys and Girls Club of Van Buren Ar ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $178k (35% of expenses). At year end it held assets of $753k against liabilities of -$3,980, net assets of $757k. It reported 2 employees.