New American Development Center

Analysis

New American Development Center is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, New American Development Center reported income of $639k and spending of $1.0m, spending 158% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $201k to $639k (+218%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 849%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New American Development Center sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Foundations Christian Academy Inc ($639k), Meira Academy ($639k) and Mid-State Technical College Foundation Inc ($639k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (11% of expenses). Other salaries and wages came to $121k. At year end it held assets of $3.6m against liabilities of $875k, net assets of $2.7m. It reported 5 employees.