Newport County Development Council
EIN: 50490385 · Newport, RI · NTEE: S30I
| Metric | Value |
|---|---|
| Total Revenue | $403K |
| Total Expenses | $415K |
| Net Assets | $141K |
Is Newport County Development Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newport County Development Council
Newport County Development Council (EIN: 50490385) is a nonprofit organization based in Newport, RI, classified under NTEE code S30I. The organization reported total revenue of $403K and total assets of $318K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport County Development Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport County Development Council is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $415K |
| Surplus / Deficit | $-11,554 |
| Total Assets | $318K |
| Total Liabilities | $177K |
| Net Assets | $141K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 55.6% |
| Months of Reserves | 9.2 months |
Financial Health Grade: C
In 2023, Newport County Development Council reported a deficit of $12K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 55.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newport County Development Council's revenue has declined at a compound annual growth rate (CAGR) of -2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +1.9% | -33.3% |
| 2022 | -3.9% | -4.9% | -12.8% |
| 2021 | -23.5% | -7.2% | +47.6% |
| 2020 | +160.8% | +127.3% | +139.7% |
| 2019 | -38.7% | -14.5% | -34.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newport County Development Council has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Newport County Development Council with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.6%.
Frequently Asked Questions about Newport County Development Council
Is Newport County Development Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport County Development Council (EIN: 50490385) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newport County Development Council spend its money?
Detailed spending breakdown data is not yet available for Newport County Development Council. Check back for updated IRS 990 analysis.
Are donations to Newport County Development Council tax-deductible?
Newport County Development Council is registered as a tax-exempt nonprofit (EIN: 50490385). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newport County Development Council located?
Newport County Development Council is headquartered in Newport, Rhode Island and files with the IRS under EIN 50490385. It is classified under NTEE code S30I.
How many years of IRS 990 filings does Newport County Development Council have?
Newport County Development Council 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 $403K in total revenue.
Filing History
IRS 990 filing history for Newport County Development Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newport County Development Council's revenue has declined by 27.2%, moving from $554K to $403K. Total assets increased by 5.6% over the same period, from $301K to $318K. Total functional expenses fell by 25.2%, from $555K to $415K. In its most recent filing year (2023), Newport County Development Council reported a deficit of $12K, with expenses exceeding revenue. The organization holds $177K in liabilities against $318K in assets (debt-to-asset ratio: 55.6%), resulting in net assets of $141K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $403K | $415K | $318K | $177K | — | — |
| 2022 | $394K | $407K | $477K | $329K | — | View 990 |
| 2021 | $410K | $428K | $547K | $387K | — | View 990 |
| 2020 | $536K | $461K | $370K | $192K | — | View 990 |
| 2019 | $206K | $203K | $155K | $51K | — | View 990 |
| 2018 | $336K | $237K | $236K | $135K | — | View 990 |
| 2017 | $50K | $48K | $238K | $235K | — | View 990 |
| 2016 | $186K | $186K | $97K | $97K | — | View 990 |
| 2015 | $385K | $386K | $183K | $183K | — | View 990 |
| 2014 | $560K | $560K | $224K | $221K | — | View 990 |
| 2013 | $328K | $328K | $322K | $320K | — | View 990 |
| 2012 | $382K | $382K | $360K | $358K | — | View 990 |
| 2011 | $554K | $555K | $301K | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $403K, expenses of $415K, and assets of $318K (revenue +2.5% year-over-year).
- 2022: Revenue of $394K, expenses of $407K, and assets of $477K (revenue -3.9% year-over-year).
- 2021: Revenue of $410K, expenses of $428K, and assets of $547K (revenue -23.5% year-over-year).
- 2020: Revenue of $536K, expenses of $461K, and assets of $370K (revenue +160.8% year-over-year).
- 2019: Revenue of $206K, expenses of $203K, and assets of $155K (revenue -38.7% year-over-year).
- 2018: Revenue of $336K, expenses of $237K, and assets of $236K (revenue +568.3% year-over-year).
- 2017: Revenue of $50K, expenses of $48K, and assets of $238K (revenue -73.0% year-over-year).
- 2016: Revenue of $186K, expenses of $186K, and assets of $97K (revenue -51.7% year-over-year).
- 2015: Revenue of $385K, expenses of $386K, and assets of $183K (revenue -31.4% year-over-year).
- 2014: Revenue of $560K, expenses of $560K, and assets of $224K (revenue +70.7% year-over-year).
- 2013: Revenue of $328K, expenses of $328K, and assets of $322K (revenue -14.0% year-over-year).
- 2012: Revenue of $382K, expenses of $382K, and assets of $360K (revenue -31.2% year-over-year).
- 2011: Revenue of $554K, expenses of $555K, and assets of $301K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport County Development Council:
Data Sources and Methodology
This transparency report for Newport County Development Council 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.