New Los Angeles Charter School

Analysis

New Los Angeles Charter School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2007, 19 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 Los Angeles Charter School reported income of $9.8m and spending of $9.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $9.8m (+46%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 23%. 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 Los Angeles Charter 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 95th percentile within CA. Charities of a similar size with the same main cause include Mid-Hudson Valley Early Education Center ($9.8m), Cheder Chabad-Monsey ($9.8m) and Beehive Educational Services ($9.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $175k (2.0% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $11.4m against liabilities of $6.2m, net assets of $5.2m. It reported 75 employees.