Newman International Academy

Analysis

Newman International Academy is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Newman International Academy reported income of $33.7m and spending of $34.2m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $27.7m to $33.7m (+22%), an average of +5.0% a year. The sharpest change came in the year to August 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Newman International Academy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include GC Relief ($33.6m), Chayim Vchesed Inc ($34.4m) and Amazing Facts International ($32.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $172k (0.5% of expenses). Other salaries and wages came to $20.3m. At year end it held assets of $48.6m against liabilities of $38.0m, net assets of $10.7m. It reported 641 employees.