New Century School

Analysis

New Century School is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 2015, 11 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 Century School reported income of $9.2m and spending of $10.7m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.2m to $9.2m (+122%), an average of +22% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Century School 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 94th percentile within MN. Charities of a similar size with the same main cause include Jacksonville Country Day School ($9.2m), The Academies Charter Management Organization ($9.3m) and Marburn Academy Inc ($9.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $208k (2.0% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $13.9m against liabilities of $13.2m, net assets of $680k. It reported 121 employees.