New Roots Charter School

Analysis

New Roots Charter School is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in March 2001, 25 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 Roots Charter School reported income of $2.2m and spending of $2.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.2m (-3.0%), an average of -0.8% a year. 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 Roots Charter School sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Delaware Aerospace Education Foundation ($2.2m), Across the Aisle Inc ($2.2m) and College of the Sequoias Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $121k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $649k, net assets of $1.1m. It reported 53 employees.