New Heights Charter School

Analysis

New Heights Charter School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2006, 20 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 Heights Charter School reported income of $9.1m and spending of $8.6m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $9.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Heights Charter School sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Clarke School for the Deaf ($9.1m), Monroe Community College Assn Inc ($9.1m) and Darnall Charter School ($9.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $191k (2.2% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.0m against liabilities of $4.1m, net assets of $4.9m. It reported 115 employees.