New School of Lancaster

Analysis

New School of Lancaster is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in September 1990, 36 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 2024, New School of Lancaster reported income of $4.3m and spending of $4.0m, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.8m to $4.3m (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New School of Lancaster sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Law Enforcement Legal Defense Fund ($4.3m), Center for Produce Safety ($4.3m) and Newark Day Center ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $153k (3.8% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.7m against liabilities of $1.8m, net assets of $2.9m. It reported 68 employees.