New Schools for Alabama

Analysis

New Schools for Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in August 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 Schools for Alabama reported income of $8.2m and spending of $8.5m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $277k to $8.2m (+2858%), an average of +133% a year. The sharpest change came in the year to September 2020, when income rose by 631%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Schools for Alabama sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within AL. Charities of a similar size with the same main cause include Civica Nevada ($8.2m), Avance Schools Inc ($8.2m) and Grosse Pointe Academy ($8.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $554k (6.5% of expenses). Other salaries and wages came to $541k. At year end it held assets of $5.4m against liabilities of $1.6m, net assets of $3.8m. It reported 11 employees.