New Designs Charter School

Analysis

New Designs Charter School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2004, 22 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 Designs Charter School reported income of $23.4m and spending of $22.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.5m to $23.4m (+20%), an average of +4.7% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Designs Charter School sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Hmong American Peace Academy Ltd ($23.4m), Fisher College ($23.4m) and Brook Hill School Inc ($23.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $435k (2.0% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $104.9m against liabilities of $91.6m, net assets of $13.3m. It reported 128 employees.