Newport Commons Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 76,835 | 118,204 | −41,369 | -39.1 | 0% |
| 2021 | 81,640 | 128,155 | −46,515 | -40.4 | 0% |
| 2022 | 117,782 | 163,596 | −45,814 | -35.0 | 0% |
| 2023 | 112,887 | 143,336 | −30,449 | -42.5 | 0% |
| 2024 | 109,030 | 127,712 | −18,682 | -49.4 | 0% |
In its most recent public year (2024), this organization spent $18,682 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-49.4 months), down from -39.1 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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