Nuestro Mundo Public Charter School

Analysis

Nuestro Mundo Public Charter School is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2022, 4 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, Nuestro Mundo Public Charter School reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $400k to $4.0m (+907%), an average of +217% a year. The sharpest change came in the year to June 2022, when income rose by 623%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nuestro Mundo Public Charter School sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within RI. Charities of a similar size with the same main cause include Parents in Partnership ($4.0m), Western Valley Waldorf Assoc Inc Cedarwood School ($4.0m) and Shemiras Sedorim Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.9% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $310k (7.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.6m against liabilities of $4.3m, net assets of $309k. It reported 31 employees.