Pueblo Nuevo Education and Development Group

Analysis

Pueblo Nuevo Education and Development Group is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pueblo Nuevo Education and Development Group reported income of $8.5m and spending of $8.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $8.5m (+3.1%), an average of +0.8% 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, Pueblo Nuevo Education and Development Group sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Learningspring School ($8.5m), Breakthrough Montessori Public Charter School ($8.5m) and Drexel Funds ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 82% of the total. Other salaries and wages came to $4.1m. At year end it held assets of $14.6m against liabilities of $1.8m, net assets of $12.7m. It reported 100 employees.