Overview

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Est.

1854

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

NEWPORT READING ROOM is a nonprofit organization dedicated to promoting literary and social interaction among its members through a library and reading room, with a focus on enhancing community engagement in the realm of sports. With an operating budget of $1 million and total revenue of $1.3 million for the 2024 filing year, the organization relies on multiple funders, none of which contribute more than 50% of its revenue. While specific geographic focus is not provided, the organization aims to foster a vibrant culture of reading and social connection within its community.

Mission Statement

PROMOTING LITERARY AND SOCIAL INTERACTION AMONG ITS MEMBERS THROUGH A LIBRARY AND READING ROOM
Revenues
$1.3M
Expenses
$1M
Net Income:
+$219.5K
Assets
$2.8M
Liabilities
$11.4K
Net Assets:
+$2.8M
Operating Budget
$1M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$500
Largest grant received
$500
M
Michael J Murray
Board Member
W
William F Lucey Iii
Board Member
J
James Hilton
Board Member

Frequently Asked Questions

What is NEWPORT READING ROOM’s budget?
In 2024, NEWPORT READING ROOM reported an annual operating budget of around $1 million. More detailed financial information is available to registered users.
What causes does NEWPORT READING ROOM support?
NEWPORT READING ROOM supports work in Sports.
Where does NEWPORT READING ROOM operate?
NEWPORT READING ROOM is headquartered in Newport, RI.
Who funded NEWPORT READING ROOM recently?
In 2022, NEWPORT READING ROOM received grants from THE HAGERTY FAMILY FOUNDATION, 29 BELLEVUE AVENUE FOUNDATION INC, and FREDERICK HENRY & DIANA PRINCE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEWPORT READING ROOM received in 2022?
The largest grant to NEWPORT READING ROOM in 2022 exceeds <$1,000.