The Newman School

Analysis

The Newman School is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1967, 59 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 2024, The Newman School reported income of $10.1m and spending of $10.8m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.5m to $10.1m (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Newman School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Valley Life Charter Schools ($10.0m), Education Forward DC ($10.1m) and Kalamazoo Christian School Association ($10.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 93% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $15.5m against liabilities of $5.1m, net assets of $10.4m. It reported 73 employees.