Nuasin Next Generation Charter

Analysis

Nuasin Next Generation Charter is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in July 2010, 16 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, Nuasin Next Generation Charter reported income of $17.7m and spending of $17.6m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $17.7m (+59%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nuasin Next Generation Charter sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Transformational Education Inc ($17.7m), Los Angeles Leadership Academy ($17.7m) and Rumsey Hall School Incorporated ($17.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $707k (4.0% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $45.1m against liabilities of $34.1m, net assets of $11.1m. It reported 134 employees.