Nonprofit New School of Northern Virginia Inc

Analysis

Nonprofit New School of Northern Virginia Inc is a registered charity in United States, based in Fairfax, VA. It received its IRS tax-exemption ruling in March 2018, 8 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 August 2023, Nonprofit New School of Northern Virginia Inc reported income of $4.1m and spending of $3.7m, spending 90% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.1m (+27%), an average of +6.2% a year. The sharpest change came in the year to August 2021, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nonprofit New School of Northern Virginia Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within VA. Charities of a similar size with the same main cause include Enormous Changes Inc ($4.1m), Ridgecrest Charter School ($4.1m) and Meher Schools ($4.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $406k (11% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $10.1m against liabilities of $8.8m, net assets of $1.3m. It reported 33 employees.