New Plan Learning Inc

Analysis

New Plan Learning Inc is a registered charity in United States, based in Schaumburg, IL. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Plan Learning Inc reported income of $2.8m and spending of $2.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $2.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 42% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Plan Learning Inc 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 88th percentile within IL. Charities of a similar size with the same main cause include Richmond Christian School Inc ($2.8m), Village School of North Bennington ($2.8m) and Illinois Elementary School Association Incorporated ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 20% of the total. Compensation of current officers, directors and key employees was $258k (13% of expenses). Other salaries and wages came to $343k. At year end it held assets of $53.6m against liabilities of $29.9m, net assets of $23.7m. It reported 10 employees.