The New Common School Foundation

Analysis

The New Common School Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1997, 29 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, The New Common School Foundation reported income of $5.2m and spending of $4.2m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.6m to $5.2m (-39%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The New Common School Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Taller San Jose Hope Builders ($5.2m), Imagine - South Broward Inc ($5.2m) and Crandall Library ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $570k (14% of expenses). Other salaries and wages came to $349k. At year end it held assets of $45.3m against liabilities of $9.9m, net assets of $35.4m. It reported 9 employees.