Art & Newport is a 501(c)(3) organization based in Middletown, Rhode Island, registered in 2019, with $83,823 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$84K
▼ 48.4% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$70K
Net assets
$225K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Art & Newport— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Art & Newport: 39 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Art & Newport— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Art & Newport: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $268K (FY2021) to $84K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
17.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$225K
Net assets
$225K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $83,823▼48.4% | $69,596▼29.8% | $225,287▲6.7% | $225,287▲6.7% | 990EZ |
| 2023 | $162,312▼0.3% | $99,072▲2.7% | $211,060▲42.8% | $211,060▲42.8% | 990EZ |
| 2022 | $162,875▼39.3% | $96,438▼59.1% | $147,820▲81.6% | $147,820▲81.6% | 990EZ |
| 2021 | $268,464 | $235,538 | $81,383 | $81,383 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
4 grants to Art & Newport totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $25,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $33,000 |
| T Rowe Price Program For Charitable Giving Inc | General operating | 2022 | $25,000 |
| T Rowe Price Program For Charitable Giving Inc | Special project | 2021 | $25,000 |
Explore more
Data for Art & Newport (EIN 82-5295615) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.