New Millennium Secondary School

Analysis

New Millennium Secondary School is a registered charity in United States, based in Gardena, CA. It received its IRS tax-exemption ruling in July 2009, 17 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 Millennium Secondary School reported income of $3.0m and spending of $2.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.0m (+23%), an average of +5.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Millennium Secondary School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Community Educational Research Group Inc ($3.0m), Muncie Public Charter School of Inquiry ($3.0m) and Learn21 a Flexible Learning Collaborative ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $241k (8.4% of expenses). Other salaries and wages came to $932k. At year end it held assets of $3.1m against liabilities of $777k, net assets of $2.3m. It reported 23 employees.