New School for Child Development a Non-Profit Corp

Analysis

New School for Child Development a Non-Profit Corp is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in May 1979, 47 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 Child Development a Non-Profit Corp reported income of $21.3m and spending of $18.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $25.0m to $21.3m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2022, when income dropped by 29%. Over the whole period it spent 93% 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 Child Development a Non-Profit Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Donna Klein Jewish Academy Inc ($21.3m), Valley Forge Educational Services ($21.3m) and Le Jardin Community Center Inc ($21.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.5% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $196k (1.0% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $54.4m against liabilities of $8.5m, net assets of $45.9m. It reported 242 employees.