New Teacher Center

Analysis

New Teacher Center is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in August 2008, 18 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 Teacher Center reported income of $47.1m and spending of $31.7m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $28.7m to $47.1m (+64%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Teacher Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include California Polytechnic State University Foundation ($47.0m), Trustees of Thayer Academy ($47.1m) and Regents of the Mercersburg College ($47.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $2.0m (6.2% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $42.7m against liabilities of $2.6m, net assets of $40.1m. It reported 166 employees.