Newstory Center Inc
EIN: 30280469 · Rutland, VT · NTEE: P43Z
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.5M |
| Net Assets | $427K |
Is Newstory Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newstory Center Inc
Newstory Center Inc (EIN: 30280469) is a nonprofit organization based in Rutland, VT, classified under NTEE code P43Z. The organization reported total revenue of $2.4M and total assets of $812K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newstory Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newstory Center Inc is a mid-size nonprofit that has been operating for 45 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-5,506 |
| Total Assets | $812K |
| Total Liabilities | $385K |
| Net Assets | $427K |
| Operating Margin | -0.2% |
| Debt-to-Asset Ratio | 47.4% |
| Months of Reserves | 4.0 months |
Financial Health Grade: B
In 2024, Newstory Center Inc reported a deficit of $6K with expenses exceeding revenue, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 47.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Newstory Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +125.3% | +120.7% | -5.5% |
| 2023 | +33.5% | +29.5% | +8.3% |
| 2022 | -1.4% | +10.5% | +40.2% |
| 2021 | +0.9% | -4.0% | +8.9% |
| 2020 | +18.2% | +14.8% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newstory Center Inc 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 Newstory Center Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.4%.
Frequently Asked Questions about Newstory Center Inc
Is Newstory Center Inc a legitimate charity?
Newstory Center Inc (EIN: 30280469) is a registered tax-exempt nonprofit based in Vermont. It has 14 years of IRS 990 filings on record. Total revenue: $2.4M. No red flags identified. Financial health grade: B.
How does Newstory Center Inc spend its money?
Newstory Center Inc reported $2.4M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Newstory Center Inc tax-deductible?
Newstory Center Inc is registered as a tax-exempt nonprofit (EIN: 30280469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newstory Center Inc located?
Newstory Center Inc is headquartered in Rutland, Vermont and files with the IRS under EIN 30280469. It is classified under NTEE code P43Z.
How many years of IRS 990 filings does Newstory Center Inc have?
Newstory Center Inc has 14 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Newstory Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Newstory Center Inc's revenue has grown by 530.4%, moving from $389K to $2.4M. Total assets increased by 187.5% over the same period, from $283K to $812K. Total functional expenses rose by 504.9%, from $406K to $2.5M. In its most recent filing year (2024), Newstory Center Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $385K in liabilities against $812K in assets (debt-to-asset ratio: 47.4%), resulting in net assets of $427K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.4M | $2.5M | $812K | $385K | — | View 990 |
| 2023 | $1.1M | $1.1M | $860K | $427K | — | View 990 |
| 2022 | $814K | $859K | $794K | $336K | — | View 990 |
| 2021 | $826K | $777K | $566K | $64K | — | View 990 |
| 2020 | $819K | $810K | $520K | $67K | — | View 990 |
| 2019 | $692K | $705K | $523K | $80K | — | View 990 |
| 2018 | $762K | $722K | $538K | $82K | — | View 990 |
| 2017 | $853K | $811K | $474K | $58K | — | View 990 |
| 2016 | $447K | $364K | $416K | $42K | — | View 990 |
| 2015 | $177K | $213K | $358K | $67K | — | View 990 |
| 2014 | $331K | $347K | $373K | $35K | — | View 990 |
| 2013 | $366K | $376K | $238K | $13K | — | View 990 |
| 2012 | $374K | $410K | $248K | $12K | — | View 990 |
| 2011 | $389K | $406K | $283K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.4M, expenses of $2.5M, and assets of $812K (revenue +125.3% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $860K (revenue +33.5% year-over-year).
- 2022: Revenue of $814K, expenses of $859K, and assets of $794K (revenue -1.4% year-over-year).
- 2021: Revenue of $826K, expenses of $777K, and assets of $566K (revenue +0.9% year-over-year).
- 2020: Revenue of $819K, expenses of $810K, and assets of $520K (revenue +18.2% year-over-year).
- 2019: Revenue of $692K, expenses of $705K, and assets of $523K (revenue -9.1% year-over-year).
- 2018: Revenue of $762K, expenses of $722K, and assets of $538K (revenue -10.7% year-over-year).
- 2017: Revenue of $853K, expenses of $811K, and assets of $474K (revenue +91.0% year-over-year).
- 2016: Revenue of $447K, expenses of $364K, and assets of $416K (revenue +152.2% year-over-year).
- 2015: Revenue of $177K, expenses of $213K, and assets of $358K (revenue -46.4% year-over-year).
- 2014: Revenue of $331K, expenses of $347K, and assets of $373K (revenue -9.6% year-over-year).
- 2013: Revenue of $366K, expenses of $376K, and assets of $238K (revenue -2.3% year-over-year).
- 2012: Revenue of $374K, expenses of $410K, and assets of $248K (revenue -3.7% year-over-year).
- 2011: Revenue of $389K, expenses of $406K, and assets of $283K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newstory Center Inc:
Data Sources and Methodology
This transparency report for Newstory Center 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.