New Community School

Analysis

New Community School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in October 1974, 52 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 2024, New Community School reported income of $9.3m and spending of $8.4m, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.2m to $9.3m (+50%), an average of +8.4% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Community School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($9.3m), Western Mental Health Center Inc ($9.3m) and Metropolitan Economic Development Association ($9.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $539k (6.5% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $24.9m against liabilities of $1.5m, net assets of $23.4m. It reported 105 employees.