A New Day Learning Academy Inc

Analysis

A New Day Learning Academy Inc is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A New Day Learning Academy Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $344k to $1.4m (+308%), an average of +60% a year. The sharpest change came in the year to December 2021, when income rose by 104%. 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, A New Day Learning Academy Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Christian Community School ($1.4m), Manatee School of Arts and Sciences Inc ($1.4m) and Iianc Education Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $44k (3.2% of expenses). Other salaries and wages came to $652k. At year end it held assets of $417k against liabilities of $177k, net assets of $240k. It reported 31 employees.