Helios New School Inc

Analysis

Helios New School Inc is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in December 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, Helios New School Inc reported income of $6.8m and spending of $6.1m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $6.8m (+31%), an average of +6.9% a year. The sharpest change came in the year to June 2022, when income rose by 55%. 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, Helios New School Inc 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Riekes Center for Human Enhancement ($6.8m), Carrabassett Valley Academy ($6.8m) and Genesis Schools ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $461k (7.6% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $13.1m against liabilities of $9.7m, net assets of $3.4m. It reported 53 employees.