Newburgh Heights Community School Foundation Inc

Analysis

Newburgh Heights Community School Foundation Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 2002, 24 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, Newburgh Heights Community School Foundation Inc reported income of $2.5m and spending of $2.6m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newburgh Heights Community School Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Van Andel Institute Graduate School ($2.5m), Montessori Training and Research Center of Dallas ($2.5m) and Lutheran High School Association of Greater Milwaukee Foundation ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $87k (3.4% of expenses). Other salaries and wages came to $878k. At year end it held assets of $3.3m against liabilities of $2.2m, net assets of $1.1m.