Fund for the New School

Analysis

Fund for the New School is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in June 1990, 36 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, Fund for the New School reported income of $11.1m and spending of $8.8m, leaving 21% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $7.8m to $11.1m (+42%), an average of +9.2% a year. The sharpest change came in the year to July 2022, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fund for the New School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Community Action Partnership ($11.0m), Hospital Sisters Services Inc ($11.1m) and Baltimore International Academy Inc ($11.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 21% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $588k (6.7% of expenses). Other salaries and wages came to $4.8m. It paid $72k in professional fundraising fees. At year end it held assets of $25.7m against liabilities of $11.0m, net assets of $14.6m. It reported 128 employees.