New School

Analysis

New School is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2017, 9 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 School reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.3m (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New 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 87th percentile within OH. Charities of a similar size with the same main cause include Detroit Achievement Academy Foundation ($2.3m), Brookewood School Inc ($2.3m) and Southern Nazarene University Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.5% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $128k (6.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.6m against liabilities of $779k, net assets of $4.8m. It reported 35 employees.