Newportfed Charitable Foundation
Newportfed Charitable Foundation maintains strong assets and zero executive compensation amidst fluctuating revenues.
EIN: 205140473 · Newport, RI · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $909K |
| Total Expenses | $289K |
| Program Spending | 95% |
| Net Assets | $3.4M |
| Transparency Score | 90/100 |
Is Newportfed Charitable Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newportfed Charitable Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newportfed Charitable Foundation
Newportfed Charitable Foundation (EIN: 205140473) is a nonprofit organization based in Newport, RI, classified under NTEE code T22. The organization reported total revenue of $909K and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newportfed Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newportfed Charitable Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $325K |
| Total Expenses | $289K |
| Surplus / Deficit | +$36K |
| Total Assets | $3.4M |
| Total Liabilities | $1 |
| Net Assets | $3.4M |
| Operating Margin | 10.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 139.3 months |
Financial Health Grade: A
In 2023, Newportfed Charitable Foundation reported a surplus of $36K with revenue exceeding expenses, holds 139.3 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), Newportfed Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +253.7% | +6.4% | +1.1% |
| 2022 | -63.1% | -3.0% | -5.1% |
| 2021 | -37.9% | -28.6% | -0.9% |
| 2020 | +330.6% | +11.9% | +0.2% |
| 2019 | -43.5% | +8.0% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Newportfed Charitable Foundation 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, Newportfed Charitable Foundation 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 surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers. This is highly favorable, suggesting all operational costs are directed towards program delivery and essential administrative functions, rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Newportfed Charitable Foundation:
- Consistent 0% officer compensation, indicating high efficiency and mission focus.
- Strong asset base ($3,360,953 in 202312) relative to annual expenses, providing financial stability.
- Minimal liabilities (often $1), demonstrating excellent financial management and low debt.
- Positive net assets growth over the long term, from $2,680,270 in 201212 to $3,360,953 in 202312.
Frequently Asked Questions about Newportfed Charitable Foundation
Is Newportfed Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Newportfed Charitable Foundation (EIN: 205140473) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Newportfed Charitable Foundation spend its money?
Newportfed Charitable Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newportfed Charitable Foundation tax-deductible?
Newportfed Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 205140473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Newportfed Charitable Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Newportfed Charitable Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newportfed Charitable Foundation located?
Newportfed Charitable Foundation is headquartered in Newport, Rhode Island and files with the IRS under EIN 205140473. It is classified under NTEE code T22.
How many years of IRS 990 filings does Newportfed Charitable Foundation have?
Newportfed Charitable Foundation 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 $909K in total revenue.
Is Newportfed Charitable Foundation a good charity?
Based on the provided data, Newportfed Charitable Foundation appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong asset base relative to its expenses, and has minimal liabilities, all of which are positive indicators of financial health and mission focus.
How does Newportfed Charitable Foundation manage its administrative costs?
The foundation appears to manage administrative costs very efficiently, as evidenced by the consistent reporting of 0% officer compensation. This suggests that a very high proportion of expenses are directed towards program activities rather than executive salaries or excessive overhead.
What is the trend in Newportfed Charitable Foundation's revenue?
Newportfed Charitable Foundation's revenue has been highly variable, ranging from $2,037,322 in 201312 to $15 in 201212. More recently, it was $325,020 in 202312, showing significant year-to-year fluctuations rather than a consistent trend.
Does Newportfed Charitable Foundation have significant debt?
No, Newportfed Charitable Foundation consistently reports minimal liabilities, often only $1, across most of its filings. This indicates a very strong financial position with virtually no debt.
Filing History
IRS 990 filing history for Newportfed Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Newportfed Charitable Foundation's revenue has grown by 189.3%, moving from $112K to $325K. Total assets increased by 22.4% over the same period, from $2.7M to $3.4M. Total functional expenses rose by 37.2%, from $211K to $289K. In its most recent filing year (2023), Newportfed Charitable Foundation reported a surplus of $36K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $325K | $289K | $3.4M | $1 | — | — |
| 2022 | $92K | $272K | $3.3M | $1 | — | View 990 |
| 2021 | $249K | $281K | $3.5M | $1 | — | View 990 |
| 2020 | $401K | $393K | $3.5M | $1 | — | — |
| 2019 | $93K | $351K | $3.5M | $1 | — | — |
| 2015 | $165K | $325K | $4.2M | $1 | — | View 990 |
| 2014 | $167K | $134K | $4.3M | $1 | — | View 990 |
| 2013 | $2.0M | $281K | $4.3M | $0 | — | View 990 |
| 2012 | $15 | $191K | $2.7M | $125K | — | View 990 |
| 2011 | $112K | $211K | $2.7M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $325K, expenses of $289K, and assets of $3.4M (revenue +253.7% year-over-year).
- 2022: Revenue of $92K, expenses of $272K, and assets of $3.3M (revenue -63.1% year-over-year).
- 2021: Revenue of $249K, expenses of $281K, and assets of $3.5M (revenue -37.9% year-over-year).
- 2020: Revenue of $401K, expenses of $393K, and assets of $3.5M (revenue +330.6% year-over-year).
- 2019: Revenue of $93K, expenses of $351K, and assets of $3.5M (revenue -43.5% year-over-year).
- 2015: Revenue of $165K, expenses of $325K, and assets of $4.2M (revenue -1.0% year-over-year).
- 2014: Revenue of $167K, expenses of $134K, and assets of $4.3M (revenue -91.8% year-over-year).
- 2013: Revenue of $2.0M, expenses of $281K, and assets of $4.3M (revenue +13582046.7% year-over-year).
- 2012: Revenue of $15, expenses of $191K, and assets of $2.7M (revenue -100.0% year-over-year).
- 2011: Revenue of $112K, expenses of $211K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newportfed Charitable Foundation:
Data Sources and Methodology
This transparency report for Newportfed Charitable Foundation 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.