New City School

Analysis

New City School is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 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, New City School reported income of $4.8m and spending of $4.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.8m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New City School 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 91st percentile within MN. Charities of a similar size with the same main cause include Downtown Denver Expeditionary School ($4.8m), Winston School ($4.8m) and I E C Social Educational & Humanitarian Aid Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $199k (4.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $7.9m against liabilities of $9.1m, net assets of -$1.1m. It reported 70 employees.