New Paradigm for Education Inc

Analysis

New Paradigm for Education Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in March 2013, 13 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 Paradigm for Education Inc reported income of $23.1m and spending of $21.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.2m to $23.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Paradigm for Education Inc 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 97th percentile within MI. Charities of a similar size with the same main cause include Evergreen School ($23.1m), Belmont Charter School ($23.1m) and Associated Students Calif State University Long Beach ($23.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $2.1m (9.9% of expenses). At year end it held assets of $11.4m against liabilities of $6.7m, net assets of $4.7m. It reported 271 employees.