New Classrooms Innovation Partners Inc

Analysis

New Classrooms Innovation Partners Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 2012, 14 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 June 2023, New Classrooms Innovation Partners Inc reported income of $15.2m and spending of $12.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $15.2m (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income rose by 52%. 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 Classrooms Innovation Partners Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include LA Salle School Inc ($15.2m), Thomas Jefferson Classical Academy ($15.2m) and Educare of Omaha Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $1.1m (8.7% of expenses). Other salaries and wages came to $4.2m. It paid $40k in professional fundraising fees. At year end it held assets of $13.1m against liabilities of $1.4m, net assets of $11.7m. It reported 98 employees.