New School for the Arts

Analysis

New School for the Arts is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in August 1995, 31 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 June 2023, New School for the Arts reported income of $2.7m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New School for the Arts sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within AZ. Charities of a similar size with the same main cause include Calista Education and Culture Inc ($2.7m), Meridian Technical Charter High School Inc ($2.7m) and Community Technical Assistance Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $103k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.2m against liabilities of $1.4m, net assets of $790k. It reported 43 employees.