New Garden Friends School Inc

Analysis

New Garden Friends School Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in October 1972, 54 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 Garden Friends School Inc reported income of $5.3m and spending of $5.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $5.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Garden Friends School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Guiding Light Mission Inc ($5.3m), New Beginnings ($5.3m) and Our House Inc ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $278k (5.1% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $7.5m against liabilities of $3.2m, net assets of $4.3m. It reported 148 employees.