Isidore Newman School

Analysis

Isidore Newman School is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in October 1947, 79 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, Isidore Newman School reported income of $38.6m and spending of $37.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.5m to $38.6m (+23%), an average of +5.2% a year. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isidore Newman School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within LA. Charities of a similar size with the same main cause include Albany Law School ($38.6m), Maret School Inc ($38.6m) and After School Matters Inc ($38.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $1.2m (3.2% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $88.3m against liabilities of $44.3m, net assets of $44.1m. It reported 561 employees.