New Visions for Public Schools Inc

Analysis

New Visions for Public Schools Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1994, 32 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 Visions for Public Schools Inc reported income of $27.4m and spending of $37.7m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $36.7m to $27.4m (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2021, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Visions for Public Schools Inc 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 97th percentile within NY. Charities of a similar size with the same main cause include Educational Leadership Inc ($27.4m), Oregon Charter Academy ($27.5m) and Oklahoma Wesleyan University ($27.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $2.6m (6.8% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $81.8m against liabilities of $29.6m, net assets of $52.2m. It reported 202 employees.