New Schools for New Orleans Inc

Analysis

New Schools for New Orleans Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, New Schools for New Orleans Inc reported income of $19.0m and spending of $15.1m, leaving 20% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $15.2m to $19.0m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2023, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Schools for New Orleans Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within LA. Charities of a similar size with the same main cause include Bluebird Education Network Inc ($19.0m), Hallmark University Inc ($19.0m) and Orange Grove Elementary Charter School ($19.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $250k (1.7% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $17.9m against liabilities of $2.7m, net assets of $15.1m. It reported 31 employees.