New School

Analysis

New School is a registered charity in United States, based in Kennebunk, ME. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New School reported income of $631k and spending of $673k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $420k to $631k (+50%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New School sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Headwaters Rappahannock County Public Education Foundation Inc ($631k), West African Vocational Schools ($631k) and Eugene Education Foundation ($631k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $57k (8.5% of expenses). Other salaries and wages came to $330k. At year end it held assets of $686k against liabilities of $613k, net assets of $73k. It reported 16 employees.