New Dimensions - a Public Charter School

Analysis

New Dimensions - a Public Charter School is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in March 2001, 25 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, New Dimensions - a Public Charter School reported income of $5.8m and spending of $5.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.8m (+102%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 61%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Dimensions - a Public Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Council of Graduate Schools ($5.8m), Horizon Science Academy-Denison ($5.8m) and Merit Preparatory Academy ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $145k (2.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $6.4m against liabilities of $2.6m, net assets of $3.8m. It reported 108 employees.