Francine Delany New School for Children Inc

Analysis

Francine Delany New School for Children Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in January 1998, 28 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, Francine Delany New School for Children Inc reported income of $2.4m and spending of $2.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.4m (+17%), an average of +4.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Francine Delany New School for Children Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Literacy Design Collaborative Inc ($2.4m), Randall Park High School ($2.4m) and Groundwork Ohio Organization ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $324k (14% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.6m against liabilities of $3.8m, net assets of -$1.2m. It reported 56 employees.