Newburyport Five Cents Savings Charitable Foundation Inc
Newburyport Five Cents Savings Charitable Foundation consistently expends more than its annual revenue while maintaining a strong asset base.
EIN: 200318941 · Newburyport, MA · NTEE: T21 · Updated: 2026-03-28
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Newburyport Five Cents Savings Charitable Foundation Inc is mapped to EIN 200318941.
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| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $686K |
| Program Spending | 95% |
| Net Assets | $5.3M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Newburyport Five Cents Savings Charitable Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Newburyport Five Cents Savings Charitable Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Newburyport Five Cents Savings Charitable Foundation Inc in one place.
Form 990 Filing Summary
10 filing years are available, with latest revenue of $366K and expenses of $686K.
Revenue and Expenses
Newburyport Five Cents Savings Charitable Foundation Inc reported $366K in revenue and $686K in expenses, a deficit of $319K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Newburyport Five Cents Savings Charitable Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $652K (95%) |
Across stored filings, Newburyport Five Cents Savings Charitable Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 95% to programs | Excellent |
| Financial durability | Grade B | 10 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Philanthropy context |
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Newburyport Five Cents Savings Charitable Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newburyport Five Cents Savings Charitable Foundation Inc
Newburyport Five Cents Savings Charitable Foundation Inc (EIN: 200318941) is a nonprofit organization based in Newburyport, MA, classified under NTEE code T21. The organization reported total revenue of $1.0M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newburyport Five Cents Savings Charitable Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newburyport Five Cents Savings Charitable Foundation Inc is a mid-size nonprofit that has been operating for 23 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $366K |
| Total Expenses | $686K |
| Surplus / Deficit | $-319,458 |
| Total Assets | $5.3M |
| Total Liabilities | $1 |
| Net Assets | $5.3M |
| Operating Margin | -87.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 92.5 months |
Financial Health Grade: B
In 2023, Newburyport Five Cents Savings Charitable Foundation Inc reported a deficit of $319K with expenses exceeding revenue, holds 92.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Newburyport Five Cents Savings Charitable Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.7% | -6.7% | +0.9% |
| 2022 | -21.4% | +36.1% | -21.1% |
| 2021 | +85.2% | +35.2% | +12.6% |
| 2020 | -37.5% | -7.7% | +1.3% |
| 2019 | +83.3% | +96.9% | +40.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Newburyport Five Cents Savings Charitable Foundation Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Newburyport Five Cents Savings Charitable Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $319K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the foundation, which is highly efficient and directs more funds towards charitable purposes.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Newburyport Five Cents Savings Charitable Foundation Inc's IRS 990 filings:
- Consistent annual expenses exceeding revenue in recent years (e.g., $685,884 expenses vs. $366,426 revenue in 2023), which could deplete assets if not managed sustainably.
Strengths
The following positive indicators were identified for Newburyport Five Cents Savings Charitable Foundation Inc:
- Zero officer compensation reported across all filings, indicating high efficiency and direct application of funds to mission.
- Strong and consistent asset base (e.g., $5,286,949 in 2023) providing financial stability for its grantmaking activities.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Clear focus on its grantmaking mission (NTEE T21).
Frequently Asked Questions about Newburyport Five Cents Savings Charitable Foundation Inc
Is Newburyport Five Cents Savings Charitable Foundation Inc a legitimate charity?
Newburyport Five Cents Savings Charitable Foundation Inc (EIN: 200318941) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Newburyport Five Cents Savings Charitable Foundation Inc spend its money?
Newburyport Five Cents Savings Charitable Foundation Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Newburyport Five Cents Savings Charitable Foundation Inc tax-deductible?
Newburyport Five Cents Savings Charitable Foundation Inc is registered as a tax-exempt nonprofit (EIN: 200318941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Newburyport Five Cents Savings Charitable Foundation Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Newburyport Five Cents Savings Charitable Foundation Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newburyport Five Cents Savings Charitable Foundation Inc located?
Newburyport Five Cents Savings Charitable Foundation Inc is headquartered in Newburyport, Massachusetts and files with the IRS under EIN 200318941. It is classified under NTEE code T21.
How many years of IRS 990 filings does Newburyport Five Cents Savings Charitable Foundation Inc have?
Newburyport Five Cents Savings Charitable Foundation Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.0M in total revenue.
Is Newburyport Five Cents Savings Charitable Foundation Inc a good charity?
Yes, based on the available data, it appears to be a good charity. It consistently files its IRS 990s, reports no officer compensation, and maintains a substantial asset base to support its grantmaking mission (NTEE T21).
How does the foundation manage to spend more than its revenue annually?
As a grantmaking foundation with a significant asset base (e.g., $5,286,949 in 2023), it likely draws from its endowment or accumulated funds to cover grant distributions and operational expenses when annual investment income or contributions are insufficient.
What are the primary expenses of this organization?
Given its NTEE code T21 (Grantmaking Foundations) and the absence of officer compensation, the primary expenses are almost certainly grants paid to other organizations and minimal administrative costs associated with managing the foundation.
Filing History
IRS 990 filing history for Newburyport Five Cents Savings Charitable Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Newburyport Five Cents Savings Charitable Foundation Inc's revenue has grown by 244.7%, moving from $106K to $366K. Total assets increased by 51.4% over the same period, from $3.5M to $5.3M. Total functional expenses rose by 294%, from $174K to $686K. In its most recent filing year (2023), Newburyport Five Cents Savings Charitable Foundation Inc reported a deficit of $319K, with expenses exceeding revenue. The organization holds $1 in liabilities against $5.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $366K | $686K | $5.3M | $1 | — | — |
| 2022 | $393K | $735K | $5.2M | $1 | — | View 990 |
| 2021 | $499K | $540K | $6.6M | $1 | — | View 990 |
| 2020 | $270K | $399K | $5.9M | $1 | — | — |
| 2019 | $432K | $433K | $5.8M | $0 | — | View 990 |
| 2015 | $235K | $220K | $4.1M | $0 | — | View 990 |
| 2014 | $300K | $216K | $4.3M | $0 | — | View 990 |
| 2013 | $113K | $195K | $4.2M | $0 | — | View 990 |
| 2012 | $117K | $175K | $3.8M | $0 | — | View 990 |
| 2011 | $106K | $174K | $3.5M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $366K, expenses of $686K, and assets of $5.3M (revenue -6.7% year-over-year).
- 2022: Revenue of $393K, expenses of $735K, and assets of $5.2M (revenue -21.4% year-over-year).
- 2021: Revenue of $499K, expenses of $540K, and assets of $6.6M (revenue +85.2% year-over-year).
- 2020: Revenue of $270K, expenses of $399K, and assets of $5.9M (revenue -37.5% year-over-year).
- 2019: Revenue of $432K, expenses of $433K, and assets of $5.8M (revenue +83.3% year-over-year).
- 2015: Revenue of $235K, expenses of $220K, and assets of $4.1M (revenue -21.6% year-over-year).
- 2014: Revenue of $300K, expenses of $216K, and assets of $4.3M (revenue +165.8% year-over-year).
- 2013: Revenue of $113K, expenses of $195K, and assets of $4.2M (revenue -3.3% year-over-year).
- 2012: Revenue of $117K, expenses of $175K, and assets of $3.8M (revenue +9.9% year-over-year).
- 2011: Revenue of $106K, expenses of $174K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newburyport Five Cents Savings Charitable Foundation Inc:
Data Sources and Methodology
This transparency report for Newburyport Five Cents Savings Charitable Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.