Newport Commons Inc
Newport Commons Inc. consistently operates at a deficit with declining assets and high liabilities.
EIN: 202432992 · Newport, KY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $120K |
| Total Expenses | $128K |
| Program Spending | 70% |
| Net Assets | $-526,154 |
| Transparency Score | 45/100 |
Is Newport Commons Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newport Commons Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newport Commons Inc
Newport Commons Inc (EIN: 202432992) is a nonprofit organization based in Newport, KY, classified under NTEE code L21. The organization reported total revenue of $120K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Commons Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Commons Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $109K |
| Total Expenses | $128K |
| Surplus / Deficit | $-18,682 |
| Total Assets | $1.3M |
| Total Liabilities | $1.8M |
| Net Assets | $-526,154 |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 140.7% |
| Months of Reserves | 121.6 months |
Financial Health Grade: C
In 2024, Newport Commons Inc reported a deficit of $19K with expenses exceeding revenue, holds 121.6 months of operating reserves (strong position), has a debt-to-asset ratio of 140.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2024), Newport Commons Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.4% | -10.9% | -1.2% |
| 2023 | -4.2% | -12.4% | -4.9% |
| 2022 | +44.3% | +27.7% | -0.7% |
| 2021 | +6.3% | +8.4% | -3.0% |
| 2020 | +5.8% | +15.9% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Newport Commons Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Newport Commons Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.7%.
Executive Compensation Analysis
Newport Commons Inc. reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a positive sign for resource allocation directly to the mission.
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 Newport Commons Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceed revenue in all reported periods)
- Declining asset base over the past decade (from $1.6M in 2014 to $1.2M in 2024)
- Liabilities significantly exceed assets, indicating a negative net asset position
- High liabilities consistently around $1.8 million
Strengths
The following positive indicators were identified for Newport Commons Inc:
- No reported officer compensation, indicating efficient use of funds for leadership
- Consistent filing of IRS 990 forms, demonstrating transparency
- Long operational history with 13 filings available
Frequently Asked Questions about Newport Commons Inc
Is Newport Commons Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Commons Inc (EIN: 202432992) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Newport Commons Inc spend its money?
Newport Commons Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newport Commons Inc tax-deductible?
Newport Commons Inc is registered as a tax-exempt nonprofit (EIN: 202432992). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newport Commons Inc's spending goes to programs?
Newport Commons Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Newport Commons Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Newport Commons Inc is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newport Commons Inc located?
Newport Commons Inc is headquartered in Newport, Kentucky and files with the IRS under EIN 202432992. It is classified under NTEE code L21.
How many years of IRS 990 filings does Newport Commons Inc have?
Newport Commons Inc has 13 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 $120K in total revenue.
Is Newport Commons Inc. financially sustainable?
Based on the consistent operational deficits (e.g., $109,030 revenue vs. $127,712 expenses in 2024) and declining assets over the past decade, the organization's long-term financial sustainability appears challenged.
What is the trend in Newport Commons Inc.'s assets and liabilities?
Assets have steadily declined from $1,616,522 in 2014 to $1,294,042 in 2024, while liabilities have remained consistently high, around $1.8 million, indicating a negative net asset position.
How does Newport Commons Inc. manage executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that executive compensation is not a significant expense.
What is the primary financial concern for Newport Commons Inc.?
The primary concern is the persistent operational deficit, where expenses consistently exceed revenue, leading to a depletion of assets and reliance on existing capital or debt to cover costs.
Filing History
IRS 990 filing history for Newport Commons Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Newport Commons Inc's revenue has grown by 151.1%, moving from $43K to $109K. Total assets decreased by 23.9% over the same period, from $1.7M to $1.3M. Total functional expenses rose by 55.4%, from $82K to $128K. In its most recent filing year (2024), Newport Commons Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.3M in assets (debt-to-asset ratio: 140.7%), resulting in net assets of $-526,154.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $109K | $128K | $1.3M | $1.8M | — | — |
| 2023 | $113K | $143K | $1.3M | $1.8M | — | — |
| 2022 | $118K | $164K | $1.4M | $1.9M | — | View 990 |
| 2021 | $82K | $128K | $1.4M | $1.8M | — | — |
| 2020 | $77K | $118K | $1.4M | $1.8M | — | View 990 |
| 2018 | $73K | $102K | $1.5M | $1.8M | — | — |
| 2017 | $70K | $100K | $1.5M | $1.8M | — | View 990 |
| 2016 | $71K | $99K | $1.6M | $1.8M | — | View 990 |
| 2015 | $71K | $100K | $1.6M | $1.8M | — | View 990 |
| 2014 | $68K | $97K | $1.6M | $1.8M | — | View 990 |
| 2013 | $66K | $95K | $1.6M | $1.8M | — | View 990 |
| 2012 | $60K | $88K | $1.7M | $1.8M | — | View 990 |
| 2011 | $43K | $82K | $1.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $109K, expenses of $128K, and assets of $1.3M (revenue -3.4% year-over-year).
- 2023: Revenue of $113K, expenses of $143K, and assets of $1.3M (revenue -4.2% year-over-year).
- 2022: Revenue of $118K, expenses of $164K, and assets of $1.4M (revenue +44.3% year-over-year).
- 2021: Revenue of $82K, expenses of $128K, and assets of $1.4M (revenue +6.3% year-over-year).
- 2020: Revenue of $77K, expenses of $118K, and assets of $1.4M (revenue +5.8% year-over-year).
- 2018: Revenue of $73K, expenses of $102K, and assets of $1.5M (revenue +3.1% year-over-year).
- 2017: Revenue of $70K, expenses of $100K, and assets of $1.5M (revenue -0.2% year-over-year).
- 2016: Revenue of $71K, expenses of $99K, and assets of $1.6M (revenue -0.9% year-over-year).
- 2015: Revenue of $71K, expenses of $100K, and assets of $1.6M (revenue +4.6% year-over-year).
- 2014: Revenue of $68K, expenses of $97K, and assets of $1.6M (revenue +3.6% year-over-year).
- 2013: Revenue of $66K, expenses of $95K, and assets of $1.6M (revenue +8.9% year-over-year).
- 2012: Revenue of $60K, expenses of $88K, and assets of $1.7M (revenue +39.0% year-over-year).
- 2011: Revenue of $43K, expenses of $82K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Commons Inc:
Data Sources and Methodology
This transparency report for Newport Commons 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.