New Day Charter School

Analysis

New Day Charter School is a registered charity in United States, based in Huntingdon, PA. It received its IRS tax-exemption ruling in September 2003, 23 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 Day Charter School reported income of $3.8m and spending of $3.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.8m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Day Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Chicago State Foundation ($3.8m), Creative Learning Academy of Pensacola Inc ($3.8m) and Foundation for Applied Molecular Evolution Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.3m against liabilities of $4.3m, net assets of -$42k. It reported 56 employees.