New Life Academy of Excellence Inc

Analysis

New Life Academy of Excellence Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in October 2009, 17 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, New Life Academy of Excellence Inc reported income of $5.8m and spending of $6.1m, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.6m to $5.8m (+26%), an average of +6.0% a year. 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 Life Academy of Excellence Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Waldorf School Inc ($5.8m), Channing Hall a Utah Nonprofit Corporation ($5.8m) and Darien Library Inc ($5.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $296k (4.9% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $9.5m against liabilities of $6.7m, net assets of $2.8m. It reported 57 employees.