New Frontiers Public Schools Inc

Analysis

New Frontiers Public Schools Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 1998, 28 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 August 2023, New Frontiers Public Schools Inc reported income of $5.5m and spending of $5.1m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $6.8m to $5.5m (-18%), an average of -5.0% a year. The sharpest change came in the year to August 2022, when income dropped by 41%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Frontiers Public Schools Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Strive Collegiate Academy Inc ($5.5m), First Baptist Christian Academy of Pasadena ($5.5m) and Kolby Academy ($5.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 57% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $748k (15% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $31.4m against liabilities of $27.2m, net assets of $4.2m. It reported 50 employees.