New Dawn Charter High School

Analysis

New Dawn Charter High School is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2013, 13 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 Dawn Charter High School reported income of $14.1m and spending of $12.7m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $14.1m (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Dawn Charter High School 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 95th percentile within NY. Charities of a similar size with the same main cause include Options for Youth-San Juan Inc ($14.1m), Agape ($14.2m) and Sonoran Schools ($14.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $621k (4.9% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $65.8m against liabilities of $49.8m, net assets of $16.0m. It reported 84 employees.