New School Inc

Analysis

New School Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2014, 12 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 2024, New School Inc reported income of $1.7m and spending of $1.6m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $1.7m (+23%), an average of +4.2% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New School 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 87th percentile within GA. Charities of a similar size with the same main cause include Trinity School Inc ($1.7m), Canton Harbor High School ($1.7m) and The James Wilson Institute for Natural Rights and the American Fo ($1.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $90k (5.7% of expenses). Other salaries and wages came to $793k. At year end it held assets of $1.5m against liabilities of $350k, net assets of $1.2m. It reported 16 employees.