New Life School

Analysis

New Life School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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 2023, New Life School reported income of $8.9m and spending of $5.5m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.0m to $8.9m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Life School 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 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Cottage School Educational Resource Center Inc ($8.9m), Community Education Association Inc ($8.9m) and Early Childhood Academy Public Charter School ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 59% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $922k against liabilities of $2.2m, net assets of -$1.3m. It reported 89 employees.