New Leaders

Analysis

New Leaders is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2022, 4 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 June 2023, New Leaders reported income of $25.0m and spending of $33.9m, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.4m to $25.0m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2022, when income rose by 141%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Leaders sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Board of Trustees of the Sheffield Scientific School ($25.0m), University Liggett School ($25.0m) and Paramount School of Excellence Incorporated ($24.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $3.5m (10% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $43.4m against liabilities of $4.9m, net assets of $38.6m. It reported 160 employees.