Cardinal Newman Academy

Analysis

Cardinal Newman Academy is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in December 2017, 9 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, Cardinal Newman Academy reported income of $297k and spending of $249k, spending 84% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $244k to $297k (+22%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 54%. 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, Cardinal Newman Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include 1 Vote Counts ($297k), CCNS Inc ($297k) and Connor Kids Academy ($297k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $179k. At year end it held assets of $21k against liabilities of $18k, net assets of $3,489. It reported 12 employees.