Newmeadow Inc

Analysis

Newmeadow Inc is a registered charity in United States, based in Halfmoon, NY. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 2023, Newmeadow Inc reported income of $6.5m and spending of $6.1m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.8m to $6.5m (+35%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newmeadow Inc 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 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Martin University Inc ($6.5m), Waldorf School Association of Boulder Inc ($6.5m) and The Haven ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $212k (3.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $4.8m against liabilities of $2.3m, net assets of $2.4m. It reported 146 employees.