DEMOGRAPHIC
ADDRESS
96 LAFAYETTE ST
01970
COUNTY
essex county, MA
ORGANIZATIONAL OVERVIEW & RANKINGS
NEW POINT ACQUISITIONS INC is a based in SALEM, MA, focused on Housing, Shelter causes , specifically Public Housing Facilities. Established in April 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $3,356,497.00, this ranks 113,975 among 2,656,690 nonprofits nationally (Top 5%), demonstrating exceptional financial capacity relative to its peers. At the state level, it stands at 4,273 out of 58,562 organizations in MA (Top 8%).
In essex county, MA, the organization ranks 346 out of 5,801 nonprofits by assets (Top 6%), while locally in salem, it stands at 22 among 368 organizations (Top 6%).
The organization reported annual revenue of $237,379.00, ranking 266,089 nationally (Top 11%) and 8,005 in MA (Top 14%).
Within its specific NTEE classification (L21 - L: Housing, Shelter), which includes 3,761 similar organizations, NEW POINT ACQUISITIONS INC ranks 538 in assets (Top 15%) and 989 in revenue (Top 27%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2021 .
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
L: Housing, Shelter
NTEE CODE
L21: Public Housing Facilities
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Saturday, May 15, 2021;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$237,379.00
FORM 990 REVENUE AMOUNT
$237,379.00
RULING DATE
04/2022
ASSET CODE
6: $1,000,000 to $4,999,999
ASSET AMOUNT
$3,356,497.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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