New Vision Learning Academy

Analysis

New Vision Learning Academy is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in January 2002, 24 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 Vision Learning Academy reported income of $3.2m and spending of $3.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.3m to $3.2m (-3.7%), an average of -0.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Vision Learning Academy 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 89th percentile, and in the 89th percentile within LA. Charities of a similar size with the same main cause include Detroit Public Safety Foundation ($3.2m), Southside Elementary Charter School ($3.2m) and Valor Preparatory Academy ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $221k (6.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.4m against liabilities of $215k, net assets of $2.1m. It reported 47 employees.