The New American Colleges & Universities

Analysis

The New American Colleges & Universities is a registered charity in United States, based in Oakwood, OH. It received its IRS tax-exemption ruling in March 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 June 2024, The New American Colleges & Universities reported income of $456k and spending of $434k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $340k to $456k (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The New American Colleges & Universities sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Joseph School Incorporated ($455k), Acton Academy San Diego East ($456k) and Northeast Missouri Library Service ($455k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.6% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $218k (50% of expenses). Other salaries and wages came to $84k. At year end it held assets of $219k against liabilities of $19k, net assets of $199k. It reported 2 employees.