Blacksburg New School Inc

Analysis

Blacksburg New School Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in October 1971, 55 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, Blacksburg New School Inc reported income of $1.1m and spending of $1.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.1m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to June 2022, when income rose by 30%. 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, Blacksburg New School Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Yeshivat Moreshet Yerushalayim Inc ($1.1m), Northeast State Technical Community College Foundation ($1.1m) and Northside Christian Academy ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $29k (2.5% of expenses). Other salaries and wages came to $720k. At year end it held assets of $2.0m against liabilities of $443k, net assets of $1.5m. It reported 29 employees.