New American Leaders Inc

Analysis

New American Leaders Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 September 2023, New American Leaders Inc reported income of $4.6m and spending of $2.7m, leaving 41% of income unspent that year. Across the 3 years on record, from September 2019 to September 2023, income grew from $2.4m to $4.6m (+96%), an average of +40% a year. The sharpest change came in the year to September 2023, when income rose by 253%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New American Leaders Inc 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 89th percentile within NY. Charities of a similar size with the same main cause include Southland Academy Inc ($4.6m), Communities in Schools of South Carolina ($4.6m) and The Oak Hill Academy ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 101% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $195k (7.1% of expenses). Other salaries and wages came to $1.1m. It paid $86k in professional fundraising fees. At year end it held assets of $3.6m against liabilities of $78k, net assets of $3.5m. It reported 18 employees.