New World Educational Center

Analysis

New World Educational Center is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in October 1976, 50 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 June 2023, New World Educational Center reported income of $2.3m and spending of $2.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.3m (-7.7%), an average of -2.0% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New World Educational Center sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Khalil Foundation ($2.3m), St Paul of the Cross Passionist Retreat Center Inc ($2.3m) and Sacred Heart Center Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $95k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $726k. It reported 43 employees.