New Concept Schools Inc

Analysis

New Concept Schools Inc is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in May 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Concept Schools Inc reported income of $1.2m and spending of $1.2m, spending 108% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.2m (+11%), an average of +2.6% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Concept Schools Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NH. Charities of a similar size with the same main cause include Citizens for Research Education and Community Hope Inc ($1.2m), Hillel the Foundation for Jewish Campus Life ($1.2m) and Pope Memorial SPCA of Concord Merrimack County ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $62k (5.0% of expenses). Other salaries and wages came to $866k. At year end it held assets of $576k against liabilities of $60k, net assets of $516k. It reported 40 employees.