New Opportunities Organization

Analysis

New Opportunities Organization is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in September 2019, 7 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 Opportunities Organization reported income of $9.2m and spending of $8.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $9.2m (+0.6%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income dropped by 21%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Opportunities Organization sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Storefront Academy Charter School South Bronx ($9.2m), Montessori Regional Charter School ($9.2m) and Erskine Academy ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $4.3m. At year end it held assets of $22.8m against liabilities of $5.1m, net assets of $17.7m. It reported 67 employees.