New Heights Academy Inc

Analysis

New Heights Academy Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in September 2019, 7 years ago. 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 July 2023, New Heights Academy Inc reported income of $512k and spending of $476k, spending 93% of its income. Across the 2 years on record, from July 2022 to July 2023, income grew from $284k to $512k (+80%), an average of +80% a year. The sharpest change came in the year to July 2023, when income rose by 80%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Heights Academy Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Brookline Youth Hockey Club Inc ($512k), Canton Community Ministries ($512k) and Society for Consumer Psychology ($512k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 4.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). Other salaries and wages came to $151k. At year end it held assets of $992k against liabilities of $915k, net assets of $78k. It reported 8 employees.