New West Charter School

Analysis

New West Charter School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New West Charter School reported income of $15.1m and spending of $14.5m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.4m to $15.1m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New West Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Wallace Stegner Academy ($15.1m), Maumee Valley Country Day School ($15.2m) and Riverside Military Academy Inc ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $617k (4.3% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $18.8m against liabilities of $8.5m, net assets of $10.3m. It reported 98 employees.