New Heights Schools Inc

Analysis

New Heights Schools Inc is a registered charity in United States, based in Stillwater, MN. It received its IRS tax-exemption ruling in February 1995, 31 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 Schools Inc reported income of $1.9m and spending of $1.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.9m (+14%), an average of +3.4% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Heights Schools Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Canopy Life International Inc ($1.9m), The Sparhawk Foundation Inc ($1.9m) and Compass Classical Academy ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $244k (14% of expenses). Other salaries and wages came to $647k. At year end it held assets of $5.0m against liabilities of $6.0m, net assets of -$922k. It reported 26 employees.