New School Inc

Analysis

New School Inc is a registered charity in United States, based in Holly Springs, NC. It received its IRS tax-exemption ruling in July 1986, 40 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 School Inc reported income of $3.0m and spending of $2.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $3.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Blacks in Government ($3.0m), Greater Milwaukee Committee for Community Development ($3.0m) and The School of Practical Philosophy ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $184k (6.3% of expenses). At year end it held assets of $2.9m against liabilities of $2,955, net assets of $2.9m. It reported 63 employees.