New Song Community Learning Ctr Inc

Analysis

New Song Community Learning Ctr Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2017, 9 years ago. 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 Song Community Learning Ctr Inc reported income of $2.3m and spending of $2.3m, spending 101% of its income. Across the 5 years on record, from July 2019 to June 2023, income grew from $1.3m to $2.3m (+76%), an average of +15% a year. The sharpest change came in the year to July 2020, when income rose by 37%. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Song Community Learning Ctr Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Augusta Technical College Foundation Inc ($2.3m), Westside Housing Organization Inc ($2.3m) and Faith in Serving Humanity Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $105k (4.6% of expenses). Other salaries and wages came to $1.7m. It paid $29k in professional fundraising fees. At year end it held assets of $1.6m against liabilities of $151k, net assets of $1.4m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.