New Perceptions Inc

Analysis

New Perceptions Inc is a registered charity in United States, based in Edgewood, KY. It received its IRS tax-exemption ruling in April 1966, 60 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 Perceptions Inc reported income of $3.1m and spending of $2.8m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.1m (+14%), an average of +3.3% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Perceptions Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Ohio Premier Soccer Club of Dublin Ohio ($3.1m), Little Earth Residents Association Inc ($3.1m) and Aci Foundation ($3.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 72% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $4.7m against liabilities of $170k, net assets of $4.6m. It reported 42 employees.